The Economic Times

Areion Group wins Rs 936-crore bid for Aviom India Housing Finance despite higher Unity SFB offer

Areion Group secured the winning bid for Aviom India Housing Finance. Secured lenders unanimously backed Areion's Rs 936-crore offer. This plan offers lenders a recovery of about 65%. Unity Small Finance Bank had placed a higher bid but with conditions. Lenders preferred Areion's unconditional offer for certainty of recovery.