MAS Financial Services Allots INR 150 Crore in Senior Secured Debentures via Private Placement
MAS Financial Services Limited has announced the successful allotment of senior secured non-convertible debentures amounting to INR 150,00,00,000 through a private placement. The allotment was made on July 27, 2026, following the outcome of its Finance Committee meeting.The company allotted 1,50,000 rated, listed, senior, secured, redeemable, transferable, taxable, non-convertible debentures (NCDs). Each debenture has a face value of INR 10,000, making the aggregate nominal value INR 150 Crore.
CARE Ratings Limited granted "AA-/Stable" rating to the newly issued Debentures.
Key Details of the Debt Instrument
The non-convertible debentures are slated for listing on the Wholesale Debt Market segment of BSE Limited. The instrument carries a coupon rate of 9 percent per annum, payable monthly.Details regarding the issuance, tenure, and security attached to the debenture are provided below:
| Particulars | Details |
|---|---|
| Issuance Type | Private Placement |
| Total Securities Issued | 1,50,000 NCDs |
| Aggregate Nominal Value | INR 150,00,00,000 (One Hundred and Fifty Crore) |
| Issue Price per Debenture | INR 10,000 |
| Date of Allotment | July 27, 2026 |
| Final Redemption Date | December 18, 2028 |
| Tenure | 28 months and 21 days |
| Coupon Rate | 9% per annum (payable monthly) |
Security and Default Provisions
The Debentures are secured by a first ranking exclusive and continuing charge. This charge covers certain identified book debts or receivables of the company, including loan receivables and receivables from any investments made by MAS Financial Services Limited. The value of these Hypothecated Assets must be at least 1.10 times the value of the outstanding amounts in respect of the Debentures at all times until they are fully redeemed.The transaction documents govern the rights and privileges of the debenture holders. Should a payment default occur, additional interest of 2 percent per annum over the prevailing Interest Rate will be payable on the defaulted amounts from the date of the default until the default is cured or the Debentures are redeemed.
MASFIN Stock Price Movement
Shares of MAS Financial Services Limited are edging higher to ₹316.95 as of 12:05 PM today, rallying by 1.08% in live trading. The equity sees robust intraday interest, with 43,677 shares traded so far into the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.