Aavas Financiers Limited Announces Issue of Rated, Listed, Senior, Secured, Redeemable, Non-Convertible Debentures of INR 1.5 Billion
June 28, 2023 at 09:21 am EDT
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Aavas Financiers Limited at its meeting held on June 28, 2023 has pursuant to the authority entrusted by the Board of Directors and within the limits as approved by the Members of the Company vide Special Resolution passed at the 12th Annual General Meeting held on July 21, 2022 inter- alia approved the issuance of rated, listed, senior, secured, redeemable, Non-Convertible Debentures ("NCDs") having a face value of INR 100,000 each, aggregating up to an amount of INR 1,500.0 million on a Private Placement basis, in accordance with the provisions of Companies Act, 2013, SEBI LODR Regulations, Securities and Exchange Board of India (Issue and Listing of Non- Convertible Securities) Regulations, 2021 and other applicable Regulations.
Aavas Financiers Limited is an India-based housing finance company. The Company is engaged in providing the home loans to the customers belonging to low- and middle-income segment in semi urban and rural areas. The Companyâs offerings include home loan, plot and home construction loan, home improvement loan, home loan balance transfer, loan against property, micro, small and medium enterprise (MSME) loan, emergency credit line guarantee scheme, and small ticket size (STS) loan. It offers customers home loans for the purchase or construction of residential properties, and for the extension and repair of existing housing units. It also offers other mortgage loans, including loans against property. The Company operates in markets, such as Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Haryana, Uttar Pradesh, Chhattisgarh, Uttarakhand, Punjab, Himachal Pradesh, Delhi, Odisha and Karnataka.
AAVAS FINANCIERS LIMITED 
