REUTERS - Indian non-banking financial company MAS Financial Services Ltd's initial public offering of shares to raise up to 4.6 billion rupees ($70 million) will run from Oct. 6 to Oct. 10, according to a public notice issued on Thursday.
The company has set a price range of 456 rupees to 459 rupees a share for the sale, the notice showed.
MAS is looking to raise up to 2.33 billion rupees by selling new shares, while selling shareholders are offering up to 2.27 billion rupees.
Motilal Oswal is the sole banker managing the sale.
($1 = 65.6650 rupees)
(Reporting by Samantha Kareen Nair in Bengaluru; Editing by Devidutta Tripathy and Subhranshu Sahu)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app