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    Aavas Financiers to raise Rs 100 cr by issuing bonds

    Synopsis

    The Executive Committee of the board at its meeting held on Friday approved the issuance of rated, listed, senior, secured, redeemable, non-convertible debentures aggregating to Rs 100 crore, the company said in a regulatory filing.

    BondAgencies
    Aavas is engaged in the business of providing housing loans, primarily, in the unserved and unreached markets.
    New Delhi: Aavas Financiers Ltd on Friday said its board of directors has approved raising Rs 100 crore by issuing bonds on a private placement basis.

    The Executive Committee of the board at its meeting held on Friday approved the issuance of rated, listed, senior, secured, redeemable, non-convertible debentures aggregating to Rs 100 crore, the company said in a regulatory filing.

    The bonds will be issued on a private placement basis, it said.

    Aavas is engaged in the business of providing housing loans, primarily, in the unserved and unreached markets.

    It caters to customers in Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Haryana, Uttar Pradesh, Chhattisgarh, Uttarakhand, Punjab, Himachal Pradesh and Delhi.




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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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