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Blackstone buys Aadhar Housing Finance, infuses ₹800 crore
short by Shruti Maria Mahendar / on Wednesday, 12 June, 2019
Global investment firm Blackstone on Wednesday announced it has bought a 97.7% stake in Aadhar Housing Finance, including the entire stake held by existing controlling shareholders Wadhawan Global Capital and Dewan Housing Finance (DHFL). The stake was reportedly bought for about ₹2,200 crore. As part of the deal, Blackstone also infused ₹800 crore into Aadhar to fund the company's growth.
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