CVC Capital Partners to Acquire Aavas Financiers

14 Aug 2024 CW Team

CVC Capital Partners has emerged as the successful bidder, outpacing EQT in acquiring Aavas Financiers for ?7,000 crore. This landmark transaction marks a significant expansion for CVC in the Indian housing finance sector, highlighting its strategic focus on the growing market for affordable housing loans.

Aavas Financiers, a leading player in the housing finance industry, specializes in providing loans for affordable housing. The acquisition will enable CVC Capital Partners to leverage Aavas?s established market presence and expand its portfolio in the housing finance domain. This move aligns with CVC?s strategy to diversify its investments and strengthen its foothold in key financial sectors.

The deal is expected to bring substantial benefits to both parties. For Aavas Financiers, the acquisition by CVC will provide access to enhanced resources, strategic guidance, and global expertise, which are likely to boost its operational capabilities and market reach. Conversely, CVC Capital Partners will gain a robust platform to tap into the burgeoning demand for affordable housing finance in India, a sector with significant growth potential.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..