Aavas Financiers Limited
Sundaram Mutual Fund increased its stake in Aavas Financiers by purchasing 302,200 shares, bringing its total holding to 1,998,762 shares, representing a 2.52% stake in the company. The approximate value of the increased holding is ₹45.48 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.
Chennai-based AMC founded in 1996 as a joint venture with BNP Paribas, now wholly owned by the Sundaram Finance Group. Manages over Rs 1 lakh crore. Strong brand in South India with equity funds that have delivered consistent long-term track records across market cycles. Sundaram Mid Cap Fund has been a flagship since the early 2000s.