Aavas Financiers has received approval from Board of Directors to raise Rs 444 crore and allotment of 4,444 secured, rated, unlisted, redeemable, transferable and interest-bearing, Non-Convertible Debentures of face value of Rs 10,00,000 to Asian Development Bank (ADB).
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.