Aavas Financiers has received an approval for the issuance of secured, rated, unlisted, redeemable, transferable Non- Convertible Debentures (NCDs) having a face value of Rs 10 lakh each, aggregating up to an amount of Rs 460 crore on private placement basis. The Executive Committee of the Board at its meeting held on December 12, 2019, approved the same.
Aavas Financiers is a retail, affordable housing finance company, primarily serving low and middle income self-employed customers in semi-urban and rural areas in India.