MAS Financial Services raises Rs 500 cr via QIP

New Delhi, Jun 24 (IANS): MAS Financial Services, specialised in micro, small & medium enterprises (MSME) financing, on Monday, announced that it raised Rs 500 crore through qualified institutional placement (QIP).

This QIP marks the first equity raise by the company since its initial public offering (IPO) in 2017.

"I welcome all the investors & deeply appreciate their trust and confidence while reaffirming our commitment to deliver robust financial performance by maintaining our trajectory of sustainable, consistent and quality growth as demonstrated over more than two decades," Kamlesh Gandhi, Founder, Chairman & MD, said in a statement.

The QIP issue garnered a strong response from a diverse group of marquee institutional investors reflecting broad-based interest.

The major investors include -- Nippon India Mutual Fund, ICICI Prudential Mutual Fund, Aditya Birla Sun Life Mutual Fund, Bandhan Mutual Fund, Baroda BNP Paribas Mutual Fund, White Oak Capital Management and others

Among the insurance companies, it included -- Bajaj Life Insurance, SBI General Insurance, Tata AIG Insurance, and PNB Met Life Insurance.

Birla Offshore, East Bridge Capital, Samsung Asset Management and others, were among the foreign institutions.



Top Stories

Leave a Comment

Title: MAS Financial Services raises Rs 500 cr via QIP

You have 2000 characters left.


Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will be held responsible.