Authum Investment & Infrastructure Ltd. and JC Flowers Asset Reconstruction Co. have shown interest in acquiring Aviom India Housing Finance, a bankrupt mortgage lender, as per sources.
Reserve Bank of India initiated insolvency proceedings against Aviom India Housing Finance in January 2025 and later, in February, the National Company Law Tribunal admitted the company under bankruptcy proceedings.
Aviom India Housing Finance has admitted claims worth Rs 1,360 crore from financial creditors, with the committee of creditors being led by impact investor BlueOrchard.
Potential investors have been invited to submit expressions of interest by May 28, and Aviom India Housing Finance, known for lending to women borrowers in low-income households, faced financial difficulties due to mismanagement of funds.