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

19 Jun 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 `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.”

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..