Aavas Financiers shines on raising Rs 150 crore via NCDs
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Aavas Financiers is currently trading at Rs. 1583.20, up by 15.75 points or 1.00% from its previous closing of Rs. 1567.45 on the BSE.
The scrip opened at Rs. 1575.00 and has touched a high and low of Rs. 1583.20 and Rs. 1561.80 respectively. So far 1389 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2410.00 on 01-Aug-2022 and a 52 week low of Rs. 1335.00 on 12-Jun-2023.
Last one week high and low of the scrip stood at Rs. 1583.20 and Rs. 1522.45 respectively. The current market cap of the company is Rs. 12393.52 crore.
The promoters holding in the company stood at 39.13%, while Institutions and Non-Institutions held 49.36% and 11.51% respectively.
Aavas Financiers has raised Rs 150 crore through the allotment of 15000 rated, listed, senior, secured, redeemable Non-Convertible Debentures (NCDs) having a face value of Rs 1,00,000 per Debenture to Kotak Mahindra Bank. The NCDs are proposed to be listed on the BSE. Date of maturity will be 60 months from the date of allotment i.e. July 20, 2028. The Executive Committee of the Board of Directors of the Company vide Circular Resolution passed on July 20, 2023 has approved the allotment of the same.
Aavas Financiers is a retail, affordable housing finance company, primarily serving low and middle income self-employed customers in semi-urban and rural areas in India.
