Massachusetts Institute Of Technology initiated a new position in Aavas Financiers with 8,70,411 shares, representing a 1.10% stake, valued at ₹131.06 crore based on the share price of ₹1505.30.
A housing finance company that provides loans and advances to individuals for residential property purchases and construction across India. Operating since its incorporation in 2011, the company focuses on serving customers in tier-2 and tier-3 cities and semi-urban areas where traditional financing options are limited. Aavas Financiers specializes in affordable housing finance with a customer-centric approach to credit delivery and underwriting.
Listed equity holdings of MIT's endowment, managed by MIT Investment Management Company (MITIMCo). Endowment manages over USD 23 billion.
