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Aavas Financiers gets nod to raise Rs 444 crore

30 Mar 2020 Evaluate

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.

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