The Competition Commission of India (CCI) has approved the proposed acquisition of Aavas Financiers by Aquilo House. The proposed transaction relates to acquisition of shares and control by the Acquirer in the Target pursuant to: (i) the share sale agreements executed amongst the Acquirer, the Target and certain existing promoters/promoter group of the Target; and (ii) the mandatory open offer in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Aavas Financiers is a retail, affordable housing finance company, primarily serving low and middle income self-employed customers in semi-urban and rural areas in India.