Aavas Financiers Limited — Important, 07-01-2025: Updates

The Executive Committee of the Board of Directors has approved the issuance of up to 20,000 Senior, Secured, Rated, Listed, Transferable, Redeemable Non-Convertible Debentures (NCDs) with a face value of Rs. 1,00,000 each, totaling up to Rs. 200 crores. The NCDs will be issued in two series: one for up to 10,000 debentures valued at Rs. 100 crores and another series for the same amount. This issuance is set to be done via private placement and is intended for listing on the WDM segment of BSE Limited. The tenor of the NCDs is 60 months from the deemed date of allotment, with interest payable annually. A first-ranking exclusive charge will secure the principal and interest against the identified receivables of the company. This strategic move could enhance the company's capital structure and provide funding for future operations, indicating a strong growth outlook. Investors should monitor the market reception of these NCDs.