MAS Financial Services, specialised in micro, small & medium enterprises (MSME) financing, on Monday, announced that it raised Rs 500 crore through qualified institutional placement (QIP).
This QIP marks the first equity raise by the company since its initial public offering (IPO) in 2017.
"I welcome all the investors & deeply appreciate their trust and confidence while reaffirming our commitment to deliver robust financial performance by maintaining our trajectory of sustainable, consistent and quality growth as demonstrated over more than two decades," Kamlesh Gandhi, Founder, Chairman & MD, said in a statement.