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Aptus Value Housing Finance Announces INR 150 Crore Debenture Allotment

Story Highlights
  • Aptus Value Housing Finance has allotted 15,000 non-convertible debentures worth INR 150 crore.
  • The debentures, with a 7.95% interest rate, aim to bolster Aptus’s financial position and market presence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Aptus Value Housing Finance Announces INR 150 Crore Debenture Allotment

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Aptus Value Housing Finance India Limited ( (IN:APTUS) ) has shared an update.

Aptus Value Housing Finance India Limited has announced the allotment of 15,000 secured, redeemable, rated, listed non-convertible debentures, each valued at INR 1,00,000, totaling INR 150 crore. This issuance, approved by the company’s Resourcing & Business Committee, is conducted on a private placement basis and is set to mature in five years with a 7.95% interest rate. The move is part of Aptus’s strategic efforts to strengthen its financial position and expand its market presence, potentially impacting stakeholders by enhancing the company’s capital resources and operational capabilities.

More about Aptus Value Housing Finance India Limited

Aptus Value Housing Finance India Limited operates in the financial services industry, focusing on providing housing finance solutions. The company primarily offers non-convertible debentures and other financial products, targeting the housing finance market in India.

Average Trading Volume: 139,504

Technical Sentiment Signal: Sell

Current Market Cap: 140.4B INR

See more data about APTUS stock on TipRanks’ Stock Analysis page.

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