Blackstone has acquired 97.7 per cent stake in Aadhar Housing Finance

01 Jul 2019 CW Staff

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 Rs 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 Rs 100 billion (~$ 1.4 billion), which comprises 100 per cent secured lending to retail customers with an average loan ticket size of less than Rs 1 million (~$ 14,000). “Aadhar has the strongest origination capability in the sector with 316 branches,” says Amit Dixit, Head of India Private Equity and Senior Managing Director, Blackstone. “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.”

And Deo Shankar Tripathi, Managing Director and CEO, Aadhar, adds, “Blackstone’s ownership and upfront capital infusion have been perceived positively by all stakeholders of the company. This investment is 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 accessible, easy and quick housing finance services.”

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..