Aptus Value Housing Finance India Limited has informed the Exchange regarding allotment of 15000 securities pursuant to Non Convertible Securities at its meeting held on April 02, 2025
APTUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aptus Value Housing Finance India Limited has allotted 15,000 Secured, Redeemable, Rated, Listed Non-Convertible Debentures (NCDs) of Rs. 1,00,000 each, totaling Rs. 150 crore, on a private placement basis. The NCDs carry an 8.75% coupon rate with monthly interest payments and have a 5-year tenor, maturing on April 2, 2030. Principal will be repaid annually, and the issue is secured by a first and exclusive charge over the company's book debts and receivables with a 110% security cover. The NCDs will be listed on BSE, and the company is in the process of completing listing formalities.
The Rs. 150 crore raise through NCDs at 8.75% will strengthen Aptus's lending capital base to grow its affordable housing loan book. For shareholders, this is a standard debt-raising exercise with no equity dilution, and the 8.75% rate is reasonable for a rated housing finance company.