Aavas Financiers Limited — QIP/Rights/Pref., 29-10-2024: Allotment of Securities

Aavas Financiers Limited has approved the allotment of 63,000 rated, listed, senior secured Non-Convertible Debentures (NCDs) at a face value of INR 1 lakh each, totaling INR 630 crore. These NCDs will be issued via private placement and are set to mature in 60 months, with interest paid biannually. The coupon rate is currently 8.09% per annum, secured by a first-ranking charge over specified receivables. The NCDs will be listed on BSE.