Aavas Financiers Limited — QIP/Rights/Pref., 26-06-2025: Allotment of Securities
26-06-2025 | 12:33 pm
26-06-2025 | 12:33 pm
Aavas Financiers has allotted 20,000 Senior, Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) worth Rs. 200 Cr (face value Rs. 1 lakh each) via private placement. These 5-year NCDs carry a 7.40% annual coupon, paid quarterly, and are secured by a first-ranking charge over identified loan receivables. The instrument is listed on BSE’s Wholesale Debt Market. This issuance strengthens the company’s debt profile with a sizable fund infusion, potentially boosting liquidity without affecting promoter shareholding.
No comments yet. Be the first to comment!
