CCI clears Blackstone arm’s 80% stake in Aadhar Housing

11 Nov 2025 CW Team

The Competition Commission of India (CCI) has approved the proposed acquisition of up to 80.15 per cent shareholding in Aadhar Housing Finance Ltd. (AHFL) by BCP Asia II Holdco VII Pte. Ltd., an entity controlled by funds advised and managed by affiliates of Blackstone Inc.

The transaction involves both a secondary acquisition and an open offer to Aadhar Housing’s public shareholders. BCP Asia, incorporated as an investment vehicle, is not directly engaged in providing any products or services in India or abroad.

Aadhar Housing Finance, the target company, provides home loans and loans against property across India. It is also registered as a Corporate Agent (Composite) with the Insurance Regulatory and Development Authority of India (IRDAI) and distributes both life and general insurance products.

A detailed order from the Commission outlining the approval terms will be issued later.

Infrastructure Transport

30 May 2026

Chembur Metro to Boost East Mumbai Links

MMRDA is advancing eastern Mumbai’s urban mobility network, with the upcoming Chembur Metro Station set to emerge as a key interchange and the Mumbai Monorail preparing for relaunch.Dr Sanjay Mukherjee, Metropolitan Commissioner, MMRDA, conducted a site visit to Chembur Metro Station along with Kanhuraj Bagate, Managing Director, MMMOCL. He also visited the nearby VN Purav Monorail Station to review system preparedness and ease of interconnectivity.Once operational, the interchange is expected to offer commuters across the eastern suburbs quicker access, smoother transfers and seamless conne..

Herrenknecht TBMs Drive Thane–Borivali Tunnel Progress

Herrenknecht India has supplied two of the four tunnel boring machines (TBMs) required for the 11-km Thane–Borivali Twin Tunnel Project being developed by the Mumbai Metropolitan Region Development Authority (MMRDA). The project is expected to reduce travel time between Thane and Borivali from 60–90 minutes to around 15 minutes while easing congestion across the Mumbai Metropolitan Region.The first two Single Shield TBMs, named Nayak and Arjuna, feature 13.34-m cutterhead diameters and are designed for hard-rock excavation. They will be deployed to tunnel through the challenging geological..

KBL Launches Smart Skid Mounted Fire Pump Set

Kirloskar Brothers (KBL) has launched its Smart Skid Mounted Fire Pump Set, an integrated fire protection solution designed to improve operational efficiency, remote monitoring and installation flexibility. The system was inaugurated by Ms Madhuritai Misal, Hon. Minister of State for Urban Development, Government of Maharashtra.The Smart Skid Mounted Fire Pump Set is a factory-tested, pre-packaged solution that combines FM/UL-certified motor and engine pump sets with IoT-enabled remote monitoring. Designed to deliver a flow rate of 170 m³/hr at a head of 100 metres, the system aims to provide..