AAVAS Financiers Approves Up To ₹200 Crore Senior Secured Non-Convertible Debt Issue
AAVAS Financiers Ltd has approved the issuance of up to 20,000 Senior, Secured, Rated, Listed, Transferable, Redeemable Non-Convertible Debentures (NCDs) totaling up to ₹200 crore. The decision was taken by the Executive Committee of the Board of Directors during a meeting held on July 21, 2026.The debentures have a face value of ₹1 lakh each and are being issued through a private placement mechanism.
AAVAS Financiers plans to list these NCDs on the Wholesale Debt Market (WDM) segment of BSE Limited. The financial instrument has a tenor of three years.
Key details regarding the approved Non-Convertible Debentures include:
| Parameter | Detail |
|---|---|
| Type of Security | Senior, Secured, Rated, Listed, Transferable, Redeemable NCDs |
| Issuance Method | Private Placement |
| Maximum Size of Issue | Up to 20,000 debentures (nominal value up to ₹200 crore) |
| Face Value per Debenture | ₹1,00,000/- (Rupees One Lakh only) |
| Proposed Listing Exchange | BSE Limited (Wholesale Debt Market segment) |
| Tenor of Instrument | 3 Years |
| Security/Charge | A first ranking exclusive charge of at least 100% of the principal and interest due, via hypothecation over identified receivables, loans, book debts, and un-encumbered Fixed Deposits. |
The NCDs are scheduled for annual interest payments starting from the Deemed Date of Allotment. The maturity period is set at 36 months from the Deemed Date of Allotment.
Details concerning the repayment structure confirm that there is no provision for early redemption or cancellation of the issuance proposal.
AAVAS Stock Price Movement
Today, shares of Aavas Financiers Limited edged higher, closing at ₹1521.7 after gaining 1.77%. The stock traded within an intraday range defined by a low of ₹1483 and a high of ₹1529$.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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