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.
