Aptus Value Housing Finance India Limited , a prominent player in the housing finance sector, has successfully raised Rs 150 crore through the allotment of non-convertible debentures (NCDs). This strategic move, approved by the company's Resourcing Business Committee, marks a significant step in strengthening its financial position.

Key Details of the NCD Issuance

This debt instrument issuance aligns with Aptus Value Housing Finance's strategy to diversify its funding sources and optimize its capital structure. The NCDs' secured nature, coupled with the company's strong financial position, is likely to have attracted investors.

Company's Financial Position

Aptus Value Housing Finance has demonstrated robust financial growth over the years. The company's most recent financial data shows:

The company's strong asset base and consistent growth in shareholders' capital indicate a solid financial foundation, which could have contributed to the successful placement of these NCDs.

Implications and Outlook

The successful raising of Rs 150 crore through NCDs reflects positively on Aptus Value Housing Finance's creditworthiness and market standing. This additional capital is expected to support the company's growth initiatives and lending operations in the housing finance sector.

As the housing finance market in India continues to evolve, Aptus Value Housing Finance's strategic financial moves, such as this NCD issuance, position it well to capitalize on emerging opportunities and navigate potential challenges in the sector.

Investors and market watchers will likely keep a close eye on how the company utilizes these funds and its impact on future financial performance and market position.

Aptus Value Housing Finance India Limited has made two significant announcements: the declaration of an interim dividend and a request for reclassification of a major shareholder.

Interim Dividend Declaration

The Board of Aptus Value Housing Finance approved an interim dividend of Rs 2.00 per equity share with a face value of Rs 2.00. The company has provided detailed tax deduction at source (TDS) guidelines to shareholders, outlining various exemption categories and required documentation:

• For resident individuals, no tax will be deducted if the total dividend for the year does not exceed Rs 10,000.00; otherwise, a 10% TDS applies.
• Non-resident shareholders face a 20% withholding tax or treaty rates, whichever is lower.
• Shareholders must submit necessary documents to determine appropriate TDS rates.
• Exemptions can be claimed by providing forms like 15G/15H for individuals, or relevant certificates for institutional investors including mutual funds, insurance companies, and government entities.

Reclassification Request

In a separate development, Aptus Value Housing Finance has sought approval for the reclassification of WestBridge Crossover Fund, LLC from the "Promoter/Promoter group" category to the "Public" category. This move is in compliance with the Securities and Exchange Board of India (SEBI) regulations.

Key Details of the Reclassification Request

Implications and Process

The company has submitted applications to both the BSE Limited and the National Stock Exchange of India Limited, seeking their no-objection or approval for this reclassification. This step is crucial in the process of changing the status of WestBridge Crossover Fund, LLC within the company's shareholding structure.

Regulatory Compliance

Aptus Value Housing Finance has emphasized that this intimation is made in strict adherence to the requirements set forth by SEBI. The company is following the prescribed procedures under Regulation 31A(8)(c) and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Potential Implications

While the reclassification process is underway, it's important to note that such changes may impact the company's ownership structure and governance. Investors and market watchers should monitor further developments and any subsequent announcements from the company or regulatory bodies regarding this reclassification.

The outcome of this application and its potential effects on the company's operations and market perception remain to be seen. Stakeholders are advised to stay informed about any updates on this matter as they become available.