Partners Group sells final stake in Aavas Financiers
Partners Group has sold its final stake in Indian housing loan finance company Aavas Financiers, the global private markets firm announced today.
It acquired a significant stake in Aavas in 2016 with the aim to create the first private equity-controlled housing finance company in India.
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It then listed Aavas on Indian stock market BSE, as well as the National Stock Exchange of India, in 2018. Since the listing, Partners Group has been gradually selling down its shareholding.
Aavas provides home loans and home construction and improvement loans, as well as business loans to low- and middle-income salaried and self-employed customers in underserved and under-reached markets in India.
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“Aavas has demonstrated industry-leading asset quality combined with strong growth in the large affordable housing finance market in India,” said Manas Tandon, partner, private equity goods & products, Partners Group.
“We are proud to have built an institution with a long-term mindset, which is creating a real impact on the ground by helping customers achieve their aspirations.”
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