Aavas Financiers shines on getting nod to raise Rs 444 crore

31 Mar 2020 Evaluate

Aavas Financiers is currently trading at Rs. 1146.85, up by 56.05 points or 5.14% from its previous closing of Rs. 1090.80 on the BSE.

The scrip opened at Rs. 1170.00 and has touched a high and low of Rs. 1198.00 and Rs. 1123.65 respectively. So far 36513 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2078.30 on 07-Jan-2020 and a 52 week low of Rs. 845.75 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1198.00 and Rs. 845.75 respectively. The current market cap of the company is Rs. 8543.44 crore.

The promoters holding in the company stood at 58.15%, while Institutions and Non-Institutions held 33.05% and 8.80% respectively.

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.

Aavas Financiers Share Price

1314.00 -7.35 (-0.56%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
LIC Housing Finance 611.05
Indiabulls Housing 168.30
Housing & Urban Dev. 187.30
PNB Housing Finance 629.30
Can Fin Homes 754.15
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