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An announcement from Aavas Financiers Ltd. ( (IN:AAVAS) ) is now available.
Aavas Financiers Limited has announced that it has received approval from the Reserve Bank of India for a significant acquisition transaction. This approval allows Aquilo House Pte. Ltd. to acquire a majority stake of 52.68% in Aavas Financiers, along with the appointment of five new board members from the purchaser. The transaction, which has also been approved by the Competition Commission of India, marks a notable shift in the management and ownership structure of Aavas Financiers, potentially impacting its market positioning and operational strategy.
More about Aavas Financiers Ltd.
Aavas Financiers Limited operates in the non-banking financial sector with a focus on housing finance. The company provides housing loans to retail customers, primarily catering to low and middle-income groups in India.
YTD Price Performance: 2.34%
Average Trading Volume: 7,934
Current Market Cap: 135.8B INR
Learn more about AAVAS stock on TipRanks’ Stock Analysis page.