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

CVC Capital Partners is likely to outbid EQT in the race to acquire Aavas Financiers, a leading Indian housing finance company. The deal, expected to be the largest M&A in India's housing finance sector, underscores the growing interest of private equity firms in the Indian financial services market. Aavas Financiers specializes in affordable housing loans, making it an attractive target due to its strong growth potential. The acquisition will provide CVC with a significant foothold in the Indian housing finance market, aligning with its strategy to expand its presence in emerging markets.