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The latest announcement is out from Aavas Financiers Ltd. ( (IN:AAVAS) ).
Aavas Financiers Limited’s Committee of Independent Directors has recommended the open offer made by Aquilo House Pte. Ltd., along with its associated investment entities, for acquiring a significant portion of the company’s equity shares. The open offer, which aims to acquire up to 26% of the voting share capital, is deemed fair and reasonable by RBSA Valuation Advisors LLP. The directors affirm the compliance of the offer with SEBI’s regulations, advising shareholders to make informed decisions.
More about Aavas Financiers Ltd.
Aavas Financiers Limited operates in the financial services industry, primarily offering housing finance products. The company is focused on providing home loans, particularly catering to the informal and low-income segments in India.
YTD Price Performance: 0.61%
Average Trading Volume: 7,226
Current Market Cap: 134.4B INR
For an in-depth examination of AAVAS stock, go to TipRanks’ Stock Analysis page.