Aavas Financiers has received approval for the issuance of up to 6,500 rated, unlisted, senior, secured, redeemable, Non-Convertible Debentures (NCDs) having a face value of Rs 10,00,000 each, aggregating up to an amount of Rs 650 crore on a Private Placement basis. The Executive Committee of the Board of Directors of the Company at their Meeting held on December 22, 2023 has 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.
