Blackstone infuses Rs 8,000 million primary equity capital into Aadhar
ECONOMY & POLICY

Blackstone infuses Rs 8,000 million primary equity capital into Aadhar

The private equity funds managed by Blackstone have acquired a 97.7 per cent stake in Aadhar Housing Finance, including the entire stake held by the existing controlling shareholders, Wadhawan Global Capital (WGC) and Dewan Housing Finance. As part of the transaction, Blackstone has also infused `8,000 million primary equity capital into Aadhar to fund the company for future growth.

Aadhar is one of India’s largest independent affordable housing finance companies with a network of 316 branches across 20 states and Union Territories and an AUM of `100 billion (~USD 1.4 billion), which comprises 100 per cent secured lending to retail customers with an average loan ticket size of less than `1 million (~USD 14,000). Amit Dixit, Head of India Private Equity and Senior Managing Director at Blackstone, said, “Aadhar has the strongest origination capability in the sector with 316 branches. Our primary capital infusion has approximately doubled the company’s Net Worth and reduced its Debt to Equity ratio by roughly half. We expect the rating agencies and company’s lenders to welcome the ownership transition to a long term, well capitalised and patient investor in Blackstone. We are proud to support the Government’s ‘Housing for All’ mission and provide capital and much needed confidence to the HFC/NBFC sector.”

On his part, Deo Shankar Tripathi, Managing Director and CEO, Aadhar, added, “Blackstone’s ownership and the upfront capital infusion have been perceived positively by all stakeholders of the company. This investment is a testament to the dedication of our outstanding employees who have built this company. Our focus will remain to provide home ownership to every Indian, providing them accessible, easy and quick housing finance services.”

The private equity funds managed by Blackstone have acquired a 97.7 per cent stake in Aadhar Housing Finance, including the entire stake held by the existing controlling shareholders, Wadhawan Global Capital (WGC) and Dewan Housing Finance. As part of the transaction, Blackstone has also infused `8,000 million primary equity capital into Aadhar to fund the company for future growth.Aadhar is one of India’s largest independent affordable housing finance companies with a network of 316 branches across 20 states and Union Territories and an AUM of `100 billion (~USD 1.4 billion), which comprises 100 per cent secured lending to retail customers with an average loan ticket size of less than `1 million (~USD 14,000). Amit Dixit, Head of India Private Equity and Senior Managing Director at Blackstone, said, “Aadhar has the strongest origination capability in the sector with 316 branches. Our primary capital infusion has approximately doubled the company’s Net Worth and reduced its Debt to Equity ratio by roughly half. We expect the rating agencies and company’s lenders to welcome the ownership transition to a long term, well capitalised and patient investor in Blackstone. We are proud to support the Government’s ‘Housing for All’ mission and provide capital and much needed confidence to the HFC/NBFC sector.”On his part, Deo Shankar Tripathi, Managing Director and CEO, Aadhar, added, “Blackstone’s ownership and the upfront capital infusion have been perceived positively by all stakeholders of the company. This investment is a testament to the dedication of our outstanding employees who have built this company. Our focus will remain to provide home ownership to every Indian, providing them accessible, easy and quick housing finance services.”

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?