Aavas Financiers Allots Rs 200 Crore in Senior Secured NCDs Through Private Placement
Aavas Financiers Limited has announced the allotment of 20,000 Senior, Secured, Rated, Listed, Transferable, and Redeemable Non-Convertible Debentures (NCDs), aggregating to Rs 200,00,00,000. The issuance was completed through a private placement process, approved by the Executive Committee of the Board of Directors on July 30, 2026.The NCDs, which have a face value of Rs 1,00,000 each, were allotted in two parts: an Anchor Portion and a Non-Anchor Portion. The allotment details are provided below:
| Category | Number of NCDs Allotted | Allocated Amount (INR) | Premium Amount per NCD (INR) | Settlement Amount Received (INR) |
|---|---|---|---|---|
| Anchor Portion | 6,000 | 60,00,00,000 | - | 60,00,00,000 |
| Non-Anchor Portion | 14,000 | 140,00,00,000 | 160 | 140,22,40,000 |
| TOTAL | 20,000 | 2,00,00,00,000 | 160 | 2,00,22,40,000 |
Key Terms of the NCD Issue
The NCDs are designated as Senior, Secured, Rated, Listed, Transferable, and Redeemable. The instrument was issued on a private placement basis and is proposed for listing on the Wholesale Debt Market of the BSE Limited.Key terms associated with the financing instrument include:
- Tenor: The NCDs have a tenor of 3 years.
- Maturity Date: The scheduled maturity date is July 30, 2029, from the date of allotment (July 30, 2026).
- Coupon Rate: A coupon rate of 7.80% per annum was offered, payable annually on Coupon Payment Dates.
- Security: The instrument is secured by a first ranking exclusive charge of at least 100% of the aggregate principal amount and the total interest due, granted via hypothecation over identified receivables, loans, book debts, and unencumbered Fixed Deposits, as specified in transaction documents.
The payment schedule mandates annual interest payments beginning from the Date of Allotment. The principal repayment is scheduled 36 months from the Date of Allotment.
AAVAS Stock Price Movement
Shares of Aavas Financiers Limited are slipping as of 12:23 PM, having shed ₹11.20 or 0.81% in live trading to reach ₹1376.1. The stock is currently tracking toward its day low of ₹1372, with a volume recorded at 7,832 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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