Aptus Value Housing Finance Board approves issuance of NCDs worth up to Rs 2,250 Crore

The board of housing finance company Aptus Value has approved the issuance of non-convertible debentures up to Rs 2,250 crore, the Chennai-based company said on Saturday.

Aptus Value Housing Finance India Ltd posted a 22 percent increase in profit after tax for the year ended March 31, 2024, at Rs 612 crore, compared to Rs 503 crore recorded in the same period last year.

Disbursements made during the financial year ended March 31, 2024, rose 31 percent to Rs 3,127 crore, compared to Rs 2,395 crore made during the same period last year.

In a BSE filing on Saturday, the company said, ‘The Board of Directors has considered and approved the issuance of Non-Convertible Debentures (NCDs) aggregating up to Rs 2,250 crore through private placements, in one or more tranches or series ( subject to shareholder approval) from time to time”.

Aptus Value Housing Finance India Ltd currently has a network of 262 branches with over 1.33 lakh active accounts across Tamil Nadu, Puducherry, Andhra Pradesh, Karnataka, Odisha and Maharashtra.

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