MAS Financial Services is leading Mortgage Financing Services Company in India has raised Rs 650 million and allotted 6,500 Rated, Senior, Listed, Transferable, Redeemable, Principal Protected Market Linked Non-Convertible Debentures (NCDs) each having a face value of Rs 1 lakh on Private Placement Basis.

The Finance Committee of the Board of Directors of the company at its meeting held on Mar. 30, 2021, has considered, approved and allotted the same.

The debentures are rated 'CARE PP-MLD A+; Stable' by CARE Ratings. The market-linked NCDs will be listed on the Wholesale Debt Market segment of the BSE with tenure of 24 months from the date of allotment.

Shares of the company declined Rs 2.05, or 0.24%, to settle at  Rs 854.  The total volume of shares traded  was  197 at the BSE (Wednesday).