MAS Financial Services Limited Increases Stake in Subsidiary
MAS Financial Services Limited announced an investment of Rs. 24,99,99,969 in its subsidiary, MAS Rural Housing & Mortgage Finance Limited (MRHMFL), on March 31, 2026. This investment results in an increased shareholding for MAS Financial Services Limited, bringing its total ownership to 1,67,61,455 equity shares, representing 63.74% of MRHMFL's total equity share capital. This marks an increase from the previous shareholding of 62.54%, resulting in a 1.20% rise.MRHMFL, incorporated in July 2007, operates as a housing finance company focused on serving the middle-income segment. As of December 31, 2025, MRHMFL reported a turnover of Rs. 7,243.73 Lakhs and a net profit of Rs. 875.66 Lakhs.
The capital infusion is intended to address working capital needs and support the expansion of MRHMFL’s business activities. The transaction was carried out at arm’s length and approved by the Audit Committee and Board of Directors of MAS Financial Services Limited.
Details of the Acquisition:
| Particulars | Details |
|---|---|
| Cost of acquisition | MRHMFL allotted 12,67,170 equity shares at a premium, totaling Rs. 24,99,99,969. |
| Percentage of shareholding acquired | 12,67,170 equity shares, increasing total ownership to 63.74% (previously 62.54%). |
The acquisition was a cash transaction.
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