PE-backed MAS Financial climbs 31% on trading debut
Indian PE-backed non-banking finance company (NBFC) MAS Financial Services gained 30.9% on its trading debut in India after raising INR4.6 billion ($70.9 million) in its IPO last week.
MAS commenced trading on the Bombay Stock Exchange on October 18 at INR601, a significant premium to the offering price of INR459. The company issued 10 million shares in its IPO, comprising 5.1 million...
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