Aptus Value Housing Finance India (NSE:APTUS, BOM:543335) has raised 2 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a Tuesday filing to the Indian stock exchanges.
The Resourcing and Business Committee of the company's board of directors on Tuesday has approved the allotment of 20,000 secured, redeemable, rated, listed non-convertible debentures of 100,000 rupees each.
The debentures have been issued with a coupon rate of 8.75% and a tenor of five year, scheduled to mature on March 11, 2030.
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