Aavas Financier
Aavas Financiers board okays raising funds of Rs 630-cr via NCDs; shares up
The rise in Aavas Financiers came after the company approved issuance of non-convertible debentures (NCDs) to raise Rs 630 crore.
 "Aavas Financiers board okays raising funds of Rs 630-cr via NCDs; shares up")
SmallCap World Fund offloads Aavas Financiers' shares for Rs 111 crore
SmallCap World Fund on Monday offloaded shares of financial services company Aavas Financiers for nearly Rs 111 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), SmallCap World Fund Inc sold more than 7.70 lakh shares, nearly 1 per cent stake in Aavas Financiers. The shares were disposed of at an average price of Rs 1,437.74 apiece, taking the transaction value to Rs 110.77 crore. Meanwhile, Societe Generale acquired 3.96 lakh shares of Aavas Financiers at an average price of Rs 1,427.21 per piece, while other buyers identity is not known. Shares of Aavas Financiers jumped 5.17 per cent to settle at Rs 1,466.10 apiece on the NSE. In two separate open market transactions on June 14 and June 16, SmallCap World Fund Inc sold a 1.6 per cent and 0.90 per cent, respectively, for a combined deal value of Rs 269 crore. AAVAS Financiers Ltd is primarily engaged in the business of providing housing loan to customers
 "SmallCap World Fund offloads Aavas Financiers' shares for Rs 111 crore")
Aavas Financiers IPO has strong fundamentals: Should you subscribe today?
While the Street is worried about margin pressure amid high cost of funds, Aavas will be less impacted than its peers, thanks to the strong asset-liability management
 "Aavas Financiers IPO has strong fundamentals: Should you subscribe today?")
