Skip to main content

MoneyWorks4Me

Aavas Financiers gets nod to raise Rs 150 crore through NCD

17 Jun 2020 Evaluate
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.

Peers