AAVAS Financiers Approves ₹200 Cr NCD Issuance

AAVAS Financiers Ltd's Executive Committee has approved the issuance of up to 20,000 Senior, Secured, Rated, Listed, Transferable, Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹200 Crores. The NCDs will be issued on a private placement basis and are proposed to be listed on the Wholesale Debt Market (WDM) segment of BSE Limited. The instrument will have a tenor of 3 years, with interest paid annually and principal repayment at maturity. A first-ranking exclusive charge of at least 100% will be created over identified receivables/loans/book debts as security.