Aavas Financiers Limited — QIP/Rights/Pref., 28-04-2025: Allotment of Securities

Aavas Financiers Limited has announced the allotment of 20,000 Senior, Secured, Rated, Listed, Transferable, Redeemable Non-Convertible Debentures (NCDs) at a face value of Rs. 1,00,000 each, aggregating to Rs. 200 Cr. The allotment was executed via private placement, with 3,000 NCDs designated for the Anchor Portion of Series A and Series B each, and 7,000 NCDs for the Non-Anchor Portion of Series A and Series B. The coupon rates are set at 8.15% for Series A and 8.11% for Series B, payable annually. The maturity is due in approximately five years.