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.
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