Mas Financial said it may also go for a private placement of up to 4.1 million shares to raise up to Rs135 crore. Photo: iStockNew Delhi: Ahmedabad-based retail lender Mas Financial Services Ltd on Monday filed draft papers to raise Rs550 crore in an initial public offering (IPO). Mas Financial said it may also go for a private placement of up to 4.1 million shares to raise up to Rs135 crore. As of 30 September 2016, the net worth of MAS Financial Services was Rs220 crore on a consolidated basis and its assets under management stood at Rs2927 crore. Some of the listed NBFCs in India are Bharat Financial Inclusion Ltd, Ujjivan Financial Services Ltd and Equitas Holdings Ltd.

Source: Mint March 27, 2017 13:51 UTC