Brickworks Ratings has withdrawn the rating of Aadhar Housing Finance’s Secured Non-Convertible Debentures (NCDs) amounting to ₹50.00 Crores, effective November 7, 2025. The withdrawal follows the full redemption of these NCDs. The announcement confirms that Aadhar Housing Finance currently has no instruments rated by Brickworks as of this date. This action reflects the company’s compliance with its debt obligations.
Withdrawal of Credit Rating
Aadhar Housing Finance announced the withdrawal of its credit rating by Brickworks Ratings India Private Limited for Secured Non-Convertible Debentures (NCDs) worth ₹50.00 Crores. The withdrawal is effective as of November 7, 2025.
Reason for Withdrawal
The rating withdrawal is due to the full redemption of the aforementioned NCDs. The announcement confirms that, following this redemption, Aadhar Housing Finance does not currently have any outstanding instruments rated by Brickworks Ratings.
Details of the NCDs
The NCDs in question, amounting to ₹50.00 Crores, had an original issue date of October 19, 2020, and a maturity date of October 19, 2025. They carried a coupon rate of 8.10%.
Source: BSE
