Aavas Financiers’ board has approved the allotment of 1000 rated, listed, senior, secured, redeemable NCDs having a face value of Rs 10 lakh per Debenture aggregating up to Rs 100 crore to Kotak Mahindra Bank. The Executive Committee of the Board of Directors of the Company vide Circular Resolution passed on March 25, 2022 has approved the allotment of 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.
