Aavas Financiers has received approval for the allotment of 1,500 rated, secured, redeemable, listed Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh each aggregating up to Rs 150 crore to Central Bank of India. The Executive Committee of the Board of Directors of the company at its meeting held on June 22, 2020, 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.
