Aavas Financiers Limited has informed the Exchange regarding Outcome of Executive Committee Meeting of Board of Directors, held on April 16, 2025
AAVAS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts more than Nifty Smallcap 250 and 0.8 pts less than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Aavas Financiers' Executive Committee approved the issuance of up to 20,000 senior, secured, rated, listed, redeemable non-convertible debentures (NCDs) on a private placement basis. The NCDs have a face value of Rs. 1,00,000 each, totalling up to Rs. 200 Crore, split into two equal tranches of Rs. 100 Crore each. The tenure is 60 months (5 years), with interest payable annually and principal repayable as a bullet at maturity. The coupon rate has not been disclosed yet and will be mentioned in the Key Information Document. The NCDs will be secured by a first-ranking exclusive charge of at least 100% on the company's identified loan receivables and will be listed on the BSE's WDM segment.
This is a pure debt-raising exercise with no equity dilution risk for shareholders. The Rs. 200 Crore raise will add to Aavas's borrowing book, which is typical for an affordable housing finance company, but the additional interest cost could marginally pressure margins depending on the final coupon rate.