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Aavas Financiers has announced a board meeting on June 30, 2025, to note the completion of a large share transfer wherein Aquilo House Pte. Ltd. acquired over 2.09 crore equity shares from Lake District Holdings Limited and Partners Group entities, resulting in a change of promoter control. The previous promoters have moved to public shareholder status. Consequently, five Non-Executive Nominee Directors representing the selling promoters resigned. The board approved the appointment of five new Non-Executive Nominee Directors nominated by Aquilo House, all seasoned professionals from CVC Capital Partners, pending shareholder approval. This marks a significant shift in Aavas’s ownership and governance structure.