Aavas Financiers Ltd’s (AFL) board has approved the issuance of up to 6,500 Non-Convertible Debentures (NCDs) having ₹10 lakh face value each aggregating up to ₹650 crore on a private placement basis.
The NCDs, which will be rated, unlisted, senior, secured, and redeemable, will be of five years tenor. The Jaipur-headquartered housing finance company, in a regulatory filing, said investors will receive bullet repayment on the maturity date.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.