AAVAS Financiers Ltd Share Price

Summary

Aavas Financiers Limited is registered as a Housing Finance Company (HFC) with National Housing Bank (NHB) and primarily offers Home Loans, Home Construction Loans, Loan against Property, Home Improvement Loans and MSME Business Loans. Pursuant to Scale Based Regulation issued by Reserve Bank of India (RBI), vide circular dated October 22, 2021 as amended from time to time, Company falls under the category of Middle Layer Non-Banking Financial Company (NBFC-ML).The Company secures financing from a variety of sources including term loans and working capital facilities; proceeds from loans assigned and securitized; proceeds from the issuance of non-convertible debentures (NCDs); refinancing from the National Housing Bank (NHB); and subordinated debt borrowings from banks, mutual funds, insurance companies and other domestic, foreign and multi-lateral financial institutions to meet its capital requirements. Aavas Financiers Limited was initially incorporated as private limited company with the name Au Housing Finance Private Limited on February 23, 2011. The company was converted into a public limited company and the name was changed to AU Housing Finance Limited on January 11, 2013. Consequent to the conversion into a public limited company, the NHB issued a fresh certificate of registration to the company, which subsequently was further changed to Aavas Financiers Limited from AU Housing Finance Limited on May 30, 2017.During the year under review, the company was registered w
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