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Aavas Financiers

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
Updated On : 19 Sep 2024 | 12:13 PM IST

Aavas, HUDCO: Shares of housing finance firms zoom up to 11%; here's why

Affordable Housing remains a focused segment with high operational intensity and companies with mono-product focus can deliver better outcomes in the long run.

Aavas, HUDCO: Shares of housing finance firms zoom up to 11%; here's why
Updated On : 11 Jun 2024 | 12:37 PM IST

5 Breakout stocks: Aavas, HFCL, Tata Chem can potentially zoom up to 20%

Chart check on May 27: LTIMindtree and Tata Technologies are the other two stocks seen trading above the higher-end of the Bollinger Bands on the daily scale on Monday.

5 Breakout stocks: Aavas, HFCL, Tata Chem can potentially zoom up to 20%
Updated On : 27 May 2024 | 11:52 AM IST

Kedaara Capital, Partners Group sell 12.6% stake in Aavas Financiers

Kedaara Capital and Partners Group, promoters of Aavas Financiers, on Tuesday divested 12.6 per cent in the housing finance company for Rs 1,369 crore through open market transactions. Private equity firm Kedaara Capital through its affiliate Lake District Holdings Ltd have sold the shares of Aavas Financiers, while Partners Group through its entities Partners Group ESCL and Partners Group Private Equity (Master Fund) LLC disposed of shares of Aavas on the National Stock Exchange (NSE). As per the bulk deal data available on the NSE, Lake District Holdings sold 58.39 lakh shares of Aavas Financiers, while Partners Group ESCL and Partners Group Private Equity (Master Fund) offloaded a total of 41.57 lakh shares of the housing finance company. These entities have collectively sold 99,96,950 shares, which represents a 12.6 per cent stake in Aavas Financiers Ltd. The shares were disposed of within the price range of Rs 1,370-1,370.20 apiece, taking the combined transaction value to Rs

Kedaara Capital, Partners Group sell 12.6% stake in Aavas Financiers
Updated On : 05 Mar 2024 | 10:14 PM IST

HDFC Bank, Adani Ent, IEX among 6 stocks to cross 200-DMA in last 2 days

Overall, as many as 464 stocks among the Nifty 500 were seen trading above the 200-DMA highlighting the underlying positive sentiment in the market.

HDFC Bank, Adani Ent, IEX among 6 stocks to cross 200-DMA in last 2 days
Updated On : 11 Sep 2023 | 11:52 AM IST

SmallCap World Fund offloads 1.6% stake in Aavas Financiers for Rs 173 cr

SmallCap World Fund on Wednesday sold a 1.6 per cent stake in Aavas Financiers for Rs 173 crore through an open market transaction. According to the bulk deal data available with the BSE, SmallCap World Fund Inc offloaded more than 12.84 lakh shares, amounting to a 1.6 per cent stake in Aavas Financiers. The shares were sold at an average price of Rs 1,349.94 apiece, taking the deal value to Rs 173.43 crore. Post the latest transaction, SmallCap World Fund's shareholding has been reduced to 6.39 per cent from the 7.99 per cent stake at the end of March. Details of the buyers could not be ascertained. Shares of Aavas Financiers closed on a flat note at Rs 1,351 per piece on the BSE.

SmallCap World Fund offloads 1.6% stake in Aavas Financiers for Rs 173 cr
Updated On : 14 Jun 2023 | 11:48 PM IST

Life may get tougher for mid, small size HFCs amid rising rates: Analysts

Analysts warn that housing finance companies (HFCs), which cater largely to affordable housing segment, may see some margin erosion

Life may get tougher for mid, small size HFCs amid rising rates: Analysts
Updated On : 24 Jun 2022 | 12:08 AM IST

Budget impact: Aavas Financiers soars 7% on affordable housing boost

Finance Minister Nirmala Sitharaman on Tuesday in the Union Budget 2022 speech said that Rs 48,000 crore is allotted for PM Awas Yojana.

Budget impact: Aavas Financiers soars 7% on affordable housing boost
Updated On : 01 Feb 2022 | 1:00 PM IST

Partners Group sells Rs 837 cr worth of shares of Aavas Financiers

The stock slid 3.7 per cent on the BSE Sensex to end at Rs 2,385 on Friday and is down 10.1 per cent since August 17

Partners Group sells Rs 837 cr worth of shares of Aavas Financiers
Updated On : 21 Aug 2021 | 12:40 AM IST

AAVAS Financiers' promoters sell shares worth over Rs 751 crore

Two promoters of AAVAS Financiers Ltd on Friday offloaded shares worth over Rs 751 crore, through open market transactions

AAVAS Financiers' promoters sell shares worth over Rs 751 crore
Updated On : 20 Aug 2021 | 9:20 PM IST

ICICI Pru, IIFL Wealth: Trading strategies for buzzing stocks of the day

IIFL Wealth Management is heading towards a new all time high, as per charts

ICICI Pru, IIFL Wealth: Trading strategies for buzzing stocks of the day
Updated On : 04 Aug 2021 | 11:52 AM IST

Aavas Financiers shares rally 12%, hit fresh lifetime high

Thus far in the month of February, Aavas Financiers has outperformed the market by gaining 28 per cent

Aavas Financiers shares rally 12%, hit fresh lifetime high
Updated On : 09 Feb 2021 | 10:49 AM IST

Aavas Financiers to raise Rs 100 cr by issuing bonds via private placement

Aavas Financiers Ltd on Friday said its board of directors has approved raising Rs 100 crore by issuing bonds

Aavas Financiers to raise Rs 100 cr by issuing bonds via private placement
Updated On : 25 Dec 2020 | 4:02 PM IST

AAVAS Financiers gains 6% in two days after stake sale by AU Small Fin Bank

Despite the gains over the past 2 sessions, the stock of AAVAS Financiers has underperformed the market by gaining 7 per cent in the past 3 months relative to a 14.4-per cent rally in the S&P Sensex

AAVAS Financiers gains 6% in two days after stake sale by AU Small Fin Bank
Updated On : 24 Nov 2020 | 2:01 PM IST

AU Small Finance Bank sells Aavas Financiers' shares worth Rs 530 crore

The value of these shares, at Rs 1,515.2 apiece is Rs 530.3 crore, as per data from the exchange

AU Small Finance Bank sells Aavas Financiers' shares worth Rs 530 crore
Updated On : 23 Nov 2020 | 9:56 PM IST

AU Small Finance Bank sells 3.5 mn Aavas Financiers shares worth Rs 530 cr

According to bulk deal data available on the BSE, AU Small Finance Bank offloaded a total of 35,00,000 shares at an average price of Rs 1,515.16 per share. This values the deal at Rs 530.30 crore

AU Small Finance Bank sells 3.5 mn Aavas Financiers shares worth Rs 530 cr
Updated On : 23 Nov 2020 | 8:34 PM IST

Aavas Financiers gets board approval to raise Rs 100 crore via bonds

Aavas Financiers on Tuesday said its board has approved plans to raise up to Rs 100 crore by issuing bonds on private placement basis. The executive committee of the board at their meeting held on October 20, 2020, approved the issuance of rated, secured, redeemable, listed, non-convertible debentures having a face value of Rs 10 lakh, aggregating up to Rs 100 crore, Aavas said in a regulatory filing. Promoted by Kedaara Capital and Partners Group, Aavas is primarily engaged in the business of providing housing loan to customers belonging to low and middle-income segment in semi-urban and rural areas. Shares of Aavas Financiers settled at Rs 1,486.85 apiece on BSE, down 0.98 per cent from its previous close.

Aavas Financiers gets board approval to raise Rs 100 crore via bonds
Updated On : 20 Oct 2020 | 7:58 PM IST

Aavas Financiers reports 11% rise in net profit at Rs 50 cr in Q1

The company had posted a net profit of Rs 45.3 crore in the corresponding quarter of the previous fiscal year

Aavas Financiers reports 11% rise in net profit at Rs 50 cr in Q1
Updated On : 12 Aug 2020 | 6:09 PM IST

Street signs: Aavas Financiers on investors' radar, rail PSUs, and more

Experts say Avenue Supermarts is a classic example of how well-managed companies with growth potential can reap benefits of low cost of capital.

Street signs: Aavas Financiers on investors' radar, rail PSUs, and more
Updated On : 09 Feb 2020 | 8:22 PM IST

Aavas Financiers gains 3%, hits new high; stock zooms 132% in 2019

The stock has been the second-highest value creator among S&P BSE500 stocks

Aavas Financiers gains 3%, hits new high; stock zooms 132% in 2019
Updated On : 31 Dec 2019 | 11:21 AM IST