JM Financial Facilitates Rs 3,425 Crore Open Offer for this Financing Company as Aquilo House Pte. Ltd. Seeks 26 per cent Stake at Rs 1,775.41 Per Share

The share price of of AAVAS Financiers Limited is currently trading at Rs 1,680, with gains of 20.67 per cent over the last 1 year.

JM Financial Limited has announced an open offer for public shareholders of AAVAS Financiers Limited. The offer, made on behalf of Aquilo House Pte. Ltd. and its associates, is priced at Rs 1,766.69 per share, with an additional interest of Rs 8.72 per share, totaling Rs 1,775.41 per share. The offer aims to acquire up to 2,07,39,711 shares, representing 26 per cent of Aavas Financiers’ expanded voting share capital.

The offer follows the execution of share purchase agreements (SPAs) with key promoters—Lake District Holdings Limited, Partners Group ESCL Limited, and Partners Group Private Equity (Master Fund), LLC. The total value of the transaction is estimated at Rs 3,425.18 crore. The underlying transaction involves the transfer of 2,09,49,112 shares to Aquilo House Pte. Ltd., granting it a controlling stake in Aavas Financiers.

Regulatory approvals, including clearances from the Competition Commission of India (CCI), the U.S. Securities and Exchange Commission (SEC), and the Reserve Bank of India (RBI), have been secured. The tendering period is set from February 21, 2025, to March 7, 2025, with payments expected to be completed by March 24, 2025.

The share price of of AAVAS Financiers Limited is currently trading at Rs 1,680, with  gains of 20.67 per cent over the last 1 year.

Incorporated in 2011, Aavas Financiers Ltd provides housing loans & advances. Aavas is a retail, affordable housing finance company, primarily serving low and middle-income self-employed customers in semi-urban and rural India. The company’s product offering consists of home loans for the purchase or construction of residential properties and the extension and repair of existing housing units, Loans against property, and MSME loans.

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Disclaimer: The article is for informational purposes only and not investment advice.