MAS Financial Services (NSE:MASFIN, BOM:540749) has raised 1.50 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a Tuesday filing to the Indian stock exchanges.
The company allotted 15,000 rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures denominated in Indian Rupees, each having a face value of 100,000 rupees with an issue price of 100,076.03 rupees per debenture.
The debentures carry an interest rate of 9.25% per annum and are scheduled to mature on May 16, 2027.
The company's shares were over 2% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.