Aavas Financiers has received approval to issuance of Rated, secured, redeemable, Listed, Non-Convertible Debentures (NCDs) having a face value of Rs 10 lakh each, aggregating up to an amount of Rs 150 crore on a Private Placement basis.
The Executive Committee of Board of Directors of the company at its meeting held on June 17, 2020, has 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.
