MAS Financial Services Limited has acquired 3,33,333 equity shares of its subsidiary, MAS Rural Housing and Mortgage Finance Limited (MRHMFL), representing 33.33% of the Optionally Convertible Preference Shares (OCPS) Series I. The acquisition, made through the conversion of these OCPS into equity shares, has increased MAS Financial Services Limited's shareholding in MRHMFL from 62.02% to 62.54%, effective September 12, 2025.
The Finance Committee of MRHMFL approved the allotment of these shares on September 12, 2025, at a price of ₹100 per share.
Details of the Acquisition
| Particulars | Details |
|---|---|
| Name of the Target Company | MAS Rural Housing & Mortgage Finance Limited |
| Industry | Housing Finance |
| Objects and Impact of Acquisition | MRHMFL has allotted Equity shares to the Company pursuant to the conversion of 33.33% of the total OCPS held by the MFSL in MRHMFL. Pursuant to said conversion, the existing shareholding of the Company in Equity shares of the Subsidiary Company has been increased from 62.02% to 62.54%. |
| Cost of Acquisition | 3,33,333 Equity Shares at an offer price of Rs. 100/- issued to the Company by MRHMFL. |
| Percentage of shareholding acquired | Existing Equity shareholding of the Company in MRHMFL is 62.02%. Post conversion of OCPS into Equity Shares the shareholding of the Company in MRHMFL is 62.54%. |
About MAS Rural Housing & Mortgage Finance Limited
MRHMFL is a housing finance company registered with the National Housing Bank, focusing on serving the middle-income segment of society. It operates primarily in semi-urban and rural areas.
Financial Performance
As of June 30, 2025, MRHMFL reported a turnover of ₹23.00 Crores and a net profit of ₹2.76 Crores.
| Year | Turnover |
|---|---|
| 2024-25 | 81.08 |
| 2023-24 | 62.46 |
| 2022-23 | 43.75 |
Brief Background
MRHMFL, incorporated on July 24, 2007, is a subsidiary of MAS Financial Services Limited and is engaged in providing financial assistance to middle and lower-income sectors, especially in semi-urban and rural areas.
The MRHMFL has allotted Equity shares to the Company pursuant to the conversion of 33.33% of the total OCPS held by the MFSL in MRHMFL.
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