MAS Financial Services redeems 33% of OCPS for Rs 33.33 Cr
MAS Financial Services redeemed 33,33,330 OCPS held in its subsidiary MAS Rural Housing and Mortgage Finance Limited for Rs 33.33 Cr. The redemption represents 33% of the total OCPS held and follows the terms of the Series II 6% Non-Cumulative OCPS. The transaction does not alter the equity shareholding pattern of the subsidiary.

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MAS Financial Services has redeemed 33,33,330 Optionally Convertible Preference Shares (OCPS) held in its subsidiary, MAS Rural Housing and Mortgage Finance Limited, for a total consideration of Rs 33.33 Cr. The redemption, amounting to 33% of the total OCPS held by the company, was executed pursuant to the terms of the Series II 6% Non-Cumulative OCPS issued by the subsidiary.
The transaction was carried out in accordance with the issuance terms and conditions of the OCPS held by MAS Financial Services in MAS Rural Housing and Mortgage Finance Limited. The company informed the exchanges regarding this development under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.
Impact on Shareholding
The aforesaid redemption will not result in any change in the equity shareholding pattern of MAS Rural Housing and Mortgage Finance Limited. MAS Financial Services shall continue to hold its existing equity stake in the subsidiary company following this partial redemption.
Transaction Details
| Particulars | Details |
|---|---|
| Shares Redeemed | 33,33,330 OCPS |
| Percentage Redeemed | 33% |
| Redemption Amount | Rs 33.33 Cr |
| Instrument Type | Series II 6% Non-Cumulative OCPS |
Historical Stock Returns for MAS Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.08% | -0.27% | +0.29% | -1.46% | +0.58% | +8.45% |
What are the plans for the Rs 33.33 Cr capital released from this redemption?
When is the remaining 67% of the OCPS scheduled for redemption?
How will this redemption impact MAS Financial Services' liquidity and cash flow?































