Aadhar Housing Finance Limited has informed the Exchange regarding allotment of 20000 securities pursuant to Non Convertible Securities at its meeting held on Jun 05, 2025
AADHARHFC · price
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Aadhar Housing Finance has allotted 20,000 Senior, Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. Each debenture has a face value of Rs. 1,00,000, taking the total issue size to Rs. 200 crore. The NCDs carry a fixed coupon of 7.76% per annum with a tenor of about 3 years and 5 months, maturing on November 30, 2028. The issue has been rated ICRA AA with a Positive outlook and is proposed to be listed on the BSE Wholesale Debt Market Segment. Proceeds will be backed by a pari passu first charge on the company's standard book debts and receivables.
This is a routine debt-raising exercise by the company at a competitive borrowing cost, supported by a strong credit rating. It will bolster the company's funding base for lending operations, with no equity dilution, and is neutral to mildly positive for shareholders given the attractive AA Positive rating.