Aavas Financiers Limited has announced the successful allotment of 20,000 Senior, Secured, Rated, Listed, Transferable, Redeemable, Non-Convertible Debentures (NCDs). The total value of this issuance is ₹200,00,00,000 (₹200 Crore), with each NCD having a face value of ₹1,00,000 (₹1 Lakh). This capital infusion, approved by the Executive Committee of the Board, was finalized on July 30, 2026.
Aavas Financiers Completes NCD Allotment
Aavas Financiers Limited has successfully completed the allotment of its Senior, Secured, Rated, Listed, Transferable, Redeemable, Non-Convertible Debentures (NCDs). The company announced the allotment of 20,000 NCDs, each with a face value of ₹1,00,000 (Indian Rupees One Lakh), on July 30, 2026. The aggregate amount raised through this issuance is ₹200,00,00,000 (Indian Rupees Two Hundred Crore).
Details of the NCD Issue
The allotment was approved by the Executive Committee of the Board of Directors of Aavas Financiers Limited. The issuance comprises an Anchor Portion of 6,000 NCDs, valued at ₹60,00,00,000, and a Non-Anchor Portion of 14,000 NCDs, valued at ₹140,00,00,000. The total settlement amount received, including a premium of ₹22,40,000, stands at ₹200,22,40,000.
Key Terms of the NCDs
These NCDs have a tenor of 3 Years, with a maturity date of July 30, 2029. The coupon rate offered is 7.80% per annum, payable annually. The NCDs are proposed to be listed on the Wholesale Debt Market of the BSE Limited. The company has secured these NCDs with a first-ranking exclusive charge over its identified receivables, loans, and book debts.
Source: BSE
