AAVAS FINANCIERS LIMITED : APPROVES PRIVATE PLACEMENT OF NON-CONVERTIBLE DEBENTURES

• Executive Committee approved issuance of up to 10,000 Senior, Secured, Rated, Listed, Transferable, Redeemable Non-Convertible Debentures • Face value of Rs. 1,00,000/- each, aggregate nominal value up to Rs. 1,00,00,00,000/- (Rs. 100 Crores) • Tenor of instrument: 60 Months from Deemed Date of Allotment • Interest: Every Quarter; Principal repayment in 20 equal quarterly installments of Rs. 5,000/- per debenture • Security: First ranking exclusive charge of at least 110% over identified receivables/loans/book debts

Aavas Financiers Limited

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