Nippon India Mutual Fund picked up stake in MAS Financial Services on July 15 via a bulk deal, latest data from NSE shows. Nippon India MF bought 20 lakh shares at a price of Rs 305 per share, amounting to a total transaction value of Rs 61 crore. The seller was Business Excellence Trust III which sold 20 lakh shares at the same price.
As per the March 2025 shareholding pattern, Business Excellence Trust III held around 6.69 percent stake in the company. In the latest transaction, they sold around 1.10 percent stake, bringing down their holding to around 5.5 percent. On the other hand, Nippon India Mutual Fund, previously owned around 5.29 percent stake through their Small Cap Fund.
MAS Financial is a Non-Banking Financial Company (NBFC) serving micro, small, and medium enterprises, as well as underserved individuals across India. Shares of the Gujarat-based NBFC closed nearly 2.55 percent higher at Rs 315.15 on July 15. The stock has gained around 7.95 percent over the last one year and around 39 percent over the last five years.
In Q4FY25, MAS Financial had reported a net profit of Rs 80.8 crore, around 18.7 percent higher than the previous fiscal. Net interest income for the quarter also increased by around 33.8 percent to Rs 224.5 crore from Rs 167.8 crore in the year-ago period.
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