August 17th 2023.
Aavas Financiers Limited has announced the allotment of 38,627 equity shares to employees and directors as part of their Equity Stock Option Plan for 2016. The face value of the equity shares is Rs 10 each. This allotment has resulted in the paid-up share capital of the company increasing from Rs 79,08,56,930 to Rs 79,12,43,200.
On Thursday, the shares of Aavas Financiers were trading at Rs 1,569.00 per share at 1:45 pm IST, down by one percent. Despite this, the company has reported good financial results for the first quarter of FY24. Aavas Financiers reported a net profit of ₹109.71 crore and total income of ₹466.85 crore. This marks a significant jump from the same period last year.
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