This is to inform that the Company has allotted 20000 Non convertible debentures at its Management Committee meeting of Board of Directors held on 24th April, 2025
Awaiting price reaction for this filing.
Aadhar Housing Finance Limited has allotted 20,000 Non-Convertible Debentures (NCDs) with a face value of Rs. 1,00,000 each, raising a total of Rs. 200 crore. The NCDs carry a fixed coupon of 8.10% per annum and have a tenor of 3 years and 4 months, maturing on August 24, 2028. The issue was done on a private placement basis and the NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE. The instrument has been assigned a rating of CARE AA (Stable) by CARE Limited, indicating high safety. Interest payments are scheduled annually on April 24, with principal repayment at maturity in August 2028. The NCDs are secured by a pari passu first charge on standard book debts, receivables, current assets, and investments.
This Rs. 200 crore NCD raise at 8.10% strengthens Aadhar Housing Finance's funding base at a competitive rate, supporting its lending growth. The CARE AA Stable rating reflects strong credit quality, which is positive for investor confidence but adds to the company's interest obligations over the next three years.