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Aavas Financiers to raise Rs 100 crore via bonds

26 Dec 2020 Evaluate

Aavas Financiers’ board of directors has approved raising Rs 100 crore by issuing bonds on a private placement basis. The Executive Committee of the board at its meeting approved the issuance of rated, listed, senior, secured, redeemable, non-convertible debentures aggregating to Rs 100 crore.

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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