Aquilo House Initiates ₹3,425 Crore Open Offer for AAVAS Financiers

Aquilo House Pte. Ltd. has launched an open offer to purchase a maximum of 26% stake in AAVAS Financiers Limited at ₹3,425 crore. The offer is being arranged by JM Financial at ₹1,775.41 per share, comprising an interest component of ₹8.72. The tender period is between February 21, 2025, and March 7, 2025, with payment due by March 24, 2025. This action follows Aquilo House's acquisition of a majority stake from major promoters pending regulatory approvals. The open offer seeks to acquire up to 20,739,711 shares, reinforcing Aquilo House's dominance in the affordable housing finance space.

 

Source: NSE India Filing