MAS Financial Services eyes over $10M deal; Dutch investor to part exit | VCCircle
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MAS Financial Services eyes over $10M deal; Dutch investor to part exit 

BY  Bruhadeeswaran R
As part of its growth agenda, the firm is looking to scoop capital worth Rs 350 crore by 2017.

A private investor is in talks to buy a minority stake in PE-backed MAS Financial Services Ltd through a secondary deal where one of the existing investors may part exit its investment, a top company executive told VCCircle. The overall deal would be around $10 million (around Rs 65 crore) and the entire money would go to the existing investor in the transaction.

Mukesh C Gandhi, director (finance), MAS Financial Services Ltd said, “The fifth round of capital is going to be through compulsorily convertible preference shares (CCPS) and would provide part exit to one of the current...

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