Incorporated in 1990, Aadhar Housing Finance Limited is India based housing finance company focused on the low-income individuals. Company endeavors to empower underserved millions to own their first homes.
Formerly known as DHFL Vysya Housing Finance Ltd, Aadhar Housing Finance served more than 100,000 customers.
Aadhar Housing Finance has a pan-India presence with over 270 branches across 19 states. The company has a reach of over 90% of the country's population through its network of branches. The company mainly caters to customers whose monthly income is between Rs 5000 to Rs 50,000.
The products offered by the company include:
1. Home Loan for Salaried Employees
2. Home Loan for Self Employed
3. Loan for Plot Purchase or/and Construction
4. Home Improvement Loan
5. Home Extension Loan
6. Loan against Residential/Commercial Property
7. Balance Transfer and Top-up
8. Loan for Purchase/Construction of Non-residential Property
9. Fixed Deposits
|Issue Open||Sep 14, 2018 - Sep 28, 2018|
|Security Name||Aadhar Housing Finance Ltd|
|Security Type||Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)|
|Issue Size (Base)||Rs 3,000.00 Crores|
|Issue Size (Shelf)||Rs [.] Crores|
|Face Value||Rs 1000 each NCD|
|Minimum Lot size||1 NCD|
|Market Lot||1 NCD|
|Basis of Allotment|
|High Net Worth Individual Investors Portion|
|Retail Individual Investors Portion|
The Promoter of the company is Wadhawan Global Capital Limited ("WGCL"). It is a 'systemically important non-deposit taking core investment company'. WGCL holds 17,597,715 Equity Shares aggregating up to 69.98% of the paid-up capital of the company.
The objects of the issue are-
1. For the purpose of onward lending, financing, and for repayment/ prepayment of interest and principal of
2. General corporate purposes.
This issue is rated 'CARE AA+ (SO) by CARE and 'BWR AA+ (SO) by BWR. The ratings of the NCDs indicate the highest degree of safety regarding timely servicing of financial obligations.
The company offers coupon rates ranging from 9.25% - 9.75% depending on the tenures and the mode of interest payments is monthly or annual as per investors choice.DRHP
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