Aavas Financiers has raised Rs 150 crore through the allotment of 15000 rated, listed, senior, secured, redeemable Non-Convertible Debentures (NCDs) having a face value of Rs 1,00,000 per Debenture to Kotak Mahindra Bank. The NCDs are proposed to be listed on the BSE. Date of maturity will be 60 months from the date of allotment i.e. July 20, 2028. The Executive Committee of the Board of Directors of the Company vide Circular Resolution passed on July 20, 2023 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.
