The Executive Committee of the Board of Directors of AAVAS Financiers Ltd vide Circular Resolution passed on September 16, 2019 has approved the allotment of 345 (Three hundred and forty five) Unlisted, Secured, Rated, Redeemable, Non-Convertible Debentures of face value of Rs. 1,00,00,000/-(Rupees One crore only) each aggregating up to Rs. 345,00,00,000 (Rupees Three hundred and forty five crore only) to International Finance Corporation (IFC).
The coupon is 8.39% p.a. payable half Yearly. Coupon shall be paid on 15th (fifteenth) day of March and the 15th (fifteenth) day of September in each year till maturity.
The rating assigned to the instrument is CARE AA- Stable [Double A Minus; Outlook: Stable].
The redemption / maturity date is September 15, 2024.
Shares of AAVAS Financiers Ltd was last trading in BSE at Rs.1512.25 as compared to the previous close of Rs. 1541.3. The total number of shares traded during the day was 712 in over 276 trades.
The stock hit an intraday high of Rs. 1540 and intraday low of 1495. The net turnover during the day was Rs. 1076635.