Aquilo House Raises Stake In Aavas Financiers To 49% Via Buyout

Aquilo House Pte. Ltd. acquired a 26.5% stake in Aavas Financiers Ltd. from three promoters via off-market deals, raising its holding in the non-bank lender to 49%.

The Singapore-based firm had previously acquired a 22.5% stake in March.

The Reserve Bank of India had approved Aquilo’s plan to buy up to 52.68% in February, and the Competition Commission cleared the deal on 23 October.