MAS Financial Services forms Insurance Broking subsidiary

MAS Financial Services Ltd has incorporated a subsidiary company named MASfin Insurance Broking Pvt Ltd and accordingly have invested funds amounting to Rs. 34,50,000/- (Rupees Thirty Four Lakhs and Fifty Thousand only) for 69% stake.

The subsidiary will carry out Insurance activities and other allied activities as permitted by IRDA (Insurance Regulatory and Development Authority).

Source : Equity Bulls

Keywords

MASFinancialServices MASfinInsuranceBroking Investment Subsidiary IRDA