RBI — Areion Group Acquires Aviom India Housing Finance

Deal

RBI approved:

₹936 crore acquisition

of Aviom India Housing Finance by Areion Group.

Background

Aviom entered Corporate Insolvency Resolution Process (CIRP) in:

February 2025

Reasons mentioned:

• Debt defaults
• Accounting irregularities

Resolution

Areion offer:
₹936 crore

Estimated lender recovery:
~65%

Important Twist

Unity Small Finance Bank bid:

₹977.5 crore

But secured lenders representing 98.2% voting share approved Areion's proposal because of greater execution certainty.

Next Step

RBI approval → NCLT → final approval/ownership transfer

Prelims

CIRP → Insolvency resolution → NCLT