MAS Financial Services Ltd. Acquires Stake in Subsidiary, MAS Rural Housing & Mortgage Finance Limited
March 31, 2026 – MAS Financial Services Limited announced the acquisition of equity shares in its subsidiary, MAS Rural Housing & Mortgage Finance Limited (MRHMFL), on a rights issue basis. The company received an allotment of 12,67,170 equity shares, representing 1.20% of MRHMFL’s total equity share capital, as of March 31, 2026.The investment totaled Rs.24,99,99,969 (Rupees Twenty-Four Crores Ninety-Nine Lakhs Ninety-Nine Thousand Nine Hundred Sixty-Nine Only). This investment will be in compliance with the Companies Act, 2013 and applicable regulations.
MRHMFL, incorporated on July 24, 2007, is a housing finance company focused on serving the middle-income segment. As of December 31, 2025, MRHMFL reported a turnover of 7,243.73 Lakhs and a net profit of 875.66 Lakhs. The capital infusion aims to support MRHMFL’s general business requirements, working capital needs, and expansion activities.
Details of the Acquisition
The acquisition was structured as a cash transaction, with MRHMFL allotting equity shares at a premium. The transaction occurred on an arm's length basis and was approved by the Audit Committee and Board of Directors of MAS Financial Services Limited.
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