Aavas Financiers Limited — Board Meeting, 12-08-2025: Outcome of Board Meeting
12-08-2025 | 04:31 pm
12-08-2025 | 04:31 pm
Aavas Financiers' board has approved the unaudited financial results for the quarter ended June 30, 2025. The company reported a profit of INR 139.23 Cr and total revenue from operations of INR 627.56 Cr. A key strategic update is Aquilo House Pte. Ltd. acquiring 48.96% equity, becoming the new promoter. The company also assigned loans worth INR 376.71 Cr and co-lent INR 249.95 Cr. To boost liquidity, NCDs totaling INR 1030 Cr were issued via private placement, confirming continued adherence to 100% security cover and proper Commercial Paper utilization.
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