CCI approves the proposed acquisition of Aavas Financiers Limited by Aquilo House Pte. Ltd.

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..... CCI approves the proposed acquisition of Aavas Financiers Limited by Aquilo House Pte. Ltd. - News and Press Release Dated:- 23-10-2024 - News - CCI approves the proposed acquisition of Aavas Financiers Limited by Aquilo House Pte. Ltd. - - - Dated:- 23-10-2024 - Competition Commission of India has approved the proposed acquisition of Aavas Financiers Limited by Aquilo House Pte. Ltd. Aavas Finan .....

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..... ciers Limited ( Acquirer ) is a newly incorporated entity, wholly and indirectly held by the Relevant CVC Funds which are certain investment funds or vehicles managed and/or advised by members of the CVC Network. The CVC Network or CVC Group is a global alternative investment manager focused on private equity, credit, secondaries and infrastructure, consisting of CVC Capital Partners plc. ( CVC PL .....

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..... C ) and each of its subsidiaries from time to time. CVC PLC is a public limited company whose shares are listed and admitted to trading on the Euronext Amsterdam Stock Exchange. Aavas Financiers Limited ( Target ) is registered with the National Housing Bank as a non-deposit taking housing finance company. In India, the Target s business activities include: (A) provision of (a) Home loans; (b) MSM .....

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..... E business loans; (c) Loan against property; and (B) Distribution of life, health, and general insurance products to Target s customers only. 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 .....

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..... mandatory open offer in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 . Detailed order of the Commission will follow. - - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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