Aavas Financiers Ltd board approves private placement of Rs. 150 crore NCDs

The Executive Committee of the Board of Aavas Financiers Ltd at their Meeting held today i.e. June 17, 2020 has pursuant to the authority entrusted by the Board of Directors and within the limits as approved by the Members of the Company vide Special Resolution passed at the 9th Annual General Meeting held on August 01, 2019 approved the issuance of Rated, secured, redeemable, Listed, Non-Convertible Debentures ("NCDs") having a face value of INR 10,00,000 (Indian Rupees Ten Lakh only) each, aggregating up to an amount of INR 150 crore (Indian Rupees One hundred and fifty crore only) on a Private Placement basis.

Shares of AAVAS Financiers Ltd was last trading in BSE at Rs.1285.3 as compared to the previous close of Rs. 1276.7. The total number of shares traded during the day was 1233 in over 181 trades.

The stock hit an intraday high of Rs. 1315 and intraday low of 1270. The net turnover during the day was Rs. 1598735.

Source : Equity Bulls

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