India’s MAS Financial board OKs up to Rs. 5 billion debenture issue

By Sarah Lizee

Olympia, Wash., June 16 – MAS Financial Services Ltd. informed the Bombay Stock Exchange that its board of directors met on Tuesday and approved a proposal to raise up to Rs. 5 billion of secured redeemable nonconvertible debentures.

The debentures may be issued via private placement in one or more tranches, according to the notice.

The retail financial services provider is based in Ahmedabad, India.

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