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The Economic Times

Gainers & Losers: NTPC, Aavas Financiers among 6 stocks in action on Thursday

Indian headline indices reached record highs on Thursday, with the Nifty surpassing 25,000 and closing at 83,184.80, while the Sensex ended at 25,415.80, driven by HDFC Bank.

Business Standard

Aavas Financiers board okays raising funds of Rs 630-cr via NCDs; shares up

The rise in Aavas Financiers came after the company approved issuance of non-convertible debentures (NCDs) to raise Rs 630 crore.

CNBC TV18

Aavas Financiers approves non-convertible debentures issue for ₹630 crore

The company will issue up to 63,000 "rated, listed, senior, unsubordinated, secured, transferable, redeemable NCDs with a face value of ₹1 lakh each, the Jaipur based housing finance company said in an exchange filing.

The Economic Times

Fortis seeks CCI nod to buy 31.52% more in diagnostics subsidiary Agilus

Fortis Healthcare has sought approval from the Competition Commission of India to acquire an additional 31.52% stake in its diagnostics arm, Agilus, raising its shareholding to 89.2%. The deal, valued at ₹1,780 crore, involves buying stakes from private equity players. Additionally, Aquilo House Pte seeks approval to acquire a 26.47% stake in Aavas Financiers.

CNBC TV18

Aavas Financiers shares timeline for CVC Capital Partners open offer — Details here

CVC Capital Partners has made an open offer for Aavas Financiers to acquire an additional 26% stake in the company at ₹1,767 a share.

Mint

CVC Capital Partners wins bid for Aavas Financiers, valuing it at ₹13,019 crore

CVC Capital Partners has emerged as the successful bidder for Aavas Financiers, offering a valuation that sets the stage for the largest buyout in the Indian housing finance sector.

Business Standard

CVC Capital makes open offer to acquire 26% more stake in Aavas Financiers

The open offer was made after CVC Capital acquired 26.47 per cent stake in the company from existing shareholders, Kedaara Capital, and Partners Group

The Economic Times

CVC pips EQT, set to buy Aavas for Rs 7k crore

CVC and EQT were the final contenders after Bain Capital decided to take a backseat. ET had been first to report on July 28 that EQT, CVC and Bain were the last in the fray, as private equity investors look to consolidate their position in the fast-growing sector. Kedaara and Partners together hold 26.47% of Aavas, with the former owning slightly more than the latter. Their exit will trigger an open offer for the acquisition of an additional 26% from public shareholders and result in a change in control.