Aavas Financiers Limited Approves the Issuance of Upto 3,750 Rated, Secured, Redeemable, Non-Convertible Debentures
May 29, 2019 at 09:52 am EDT
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Aavas Financiers Limited approved the issuance of upto 3,750 Rated, Secured, Redeemable, Non-Convertible Debentures of face value of INR 1,000,000/- each, aggregating up to INR 3,750,000,000/- on a Private Placement basis, in accordance with the provisions of Sections 42 and 71 of the Companies Act, 2013.
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 
