Nature of the Event
Aavas Financiers Limited has completed the allotment of 20,000 Senior, Secured, Rated, Listed, Transferable, Redeemable, Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹200 crore (₹200,00,00,000) through private placement.
Allotment Details
- Date of Allotment: July 30, 2026
- Approval Authority: Executive Committee of the Board of Directors via Circular Resolution passed on July 30, 2026 at 11:58 A.M.
- Total Settlement Amount: ₹200,22,40,000 (including ₹22,40,000 as premium)
- Allotment Breakdown:
- Anchor Portion: 6,000 NCDs (₹60 crore)
- Non-Anchor Portion: 14,000 NCDs (₹140 crore)
- Total: 20,000 NCDs (₹200 crore)
Terms of Issue
- Instrument Type: Senior, Secured, Rated, Listed, Transferable, Redeemable Non-Convertible Debentures
- Mode of Issue: Private Placement
- Listing: Wholesale Debt Market of BSE Limited
- Tenor: 3 years
- Maturity Date: July 30, 2029 (36 months from allotment), subject to Business Day Convention and acceleration clauses
- Coupon Rate: 7.80% per annum payable annually, subject to Coupon Reset Process, Step Up Coupon Rate, and Step-Down Coupon Rate as per transaction documents
- Payment Schedule: Interest payable annually; principal payable at maturity
Security Details
- Charge: First ranking exclusive charge covering at least 100% of aggregate principal amount and interest due
- Collateral: Hypothecation over identified receivables/loans/book debts (including un-encumbered Fixed Deposits) as specified in transaction documents
Additional Information
- No delay in payment history or default events reported
- No cancellation or termination of the issuance proposal
- Special rights/privileges as specified in Key Information Documents (KID) and transaction documents