India Largest Finance Company Aadhar to be Acquired by Blackstone (2024)
India Largest Finance Company Aadhar to be Acquired by Blackstone
You might have heard the news that the private equity funds which were managed by Blackstone have now come into an agreement with the Aadhar Housing Finance Limited to hold the entire stake which was under the shareholder till now. The deal was signed with a transaction of INR 8,000 million which is the first transaction for the deal. It is considered to only help in making the business more popular. Now Blackstone owns about 97.7 percent of stake which is about Rs 2,200 crore in Aadhar.
Do you know that Aadhar is the largest Independent affordable finance house company in India? According to the official information it has over 316 branches which are spread in 19 states. The AUM of the Aadhar is around INR 100 billion which consist of secured lending of the average loan under INR 1 million.
What does the Director of Aadhar say about the deal?
The Head of India Private Equity and Senior Managing Director, Mr. Amit Dixit said that “Adhar has the strongest origination capability with around 316 branches in 19 states which will only grow over time. The primary capital investment of INR 8,000 million will help in increasing the net worth of the company and make it double from before. The Debt to Equity Ratio will also be cut in half.” He said that he wishes for the lenders in the company to welcome this partnership with open arms and this deal will bring more profits to the business.
The Indian government has started a new scheme in which they aim to provide a home for everyone. Aadhar has been working in this regard for years and providing affordable housing for everyone. With the help of a strong team and better management, the future of the company is in the right hands. He said that the only focus of the company is to aim for the #1 position in this sector.
The managing director and CEO of Aadhar, Mr. Deo Shankar Tripathi said “The entire management is excited to do partnership with Blackstone, the world’s largest alternative asset manager with AUM of USD 472 billion. The new Blackstone ownership and the capital investment will be taken in a positive way by all the stakeholders in the company. This investment will only help in increasing the profit in the business for future deals. It shows the hard work of the company and how it manages to provide so much profit.” He also said that “We look forward to taking the company further on its vision and growth plans.
The deal has been finalized and many other legal terms are being checked by both the companies. The transaction is not done yet as it will be done later this year after going over certain terms and conditions. So you need to wait for some time as it will be done later this year in which the investor in the company can rejoice about.
Important details about Aadhar
Aadhar (Aadhar Housing Finance Limited) is one of the largest companies for housing finance in India. The people who want to get house finance can take the help of such a company. The company specially focus on the low-income segment which helps everyone to afford a home. Its main focus is to provide the millions of people the capital to get a house of their own. There has been quite a long history of Aadhar company as it was started under the name Vysya Housing Finance Limited in the year 1990. Now, it is a company which has over 316 branches in India spread in about 19 states. More than 90% of people who have low incomes in India can take the help of this company. With the help of credit solution, everyone can afford a house.
Information about Blackstone company
As you already know some details about one of the world's leading investment firms, Blackstone. The main focus of the company has always been to increase the profit for their customers and business partners to reach their goals. With the help of professional staff to complete certain tasks and suitable investments, the team believes itself to achieve success. There are various types of investment business like private equity, public equity, real estate, non-investment grade credit, secondary funds, and many other funds. With over USD 472 Billion in assets management, the company deals with various business simultaneously. Blackstone has been active in Indian from 2006 and over USD 9.8 billion investment in private equity and real estate.
Private equity group Blackstone (BX.N) , opens new tab acquired Aadhar for about $300 million in 2019 as it bet on growing demand for affordable housing and financing in India.
Blackstone Group Inc's top holdings are Cheniere Energy Partners, L.P. - Limited Partnership (US:CQP) , Energy Transfer LP - Limited Partnership (US:ET) , Corebridge Financial, Inc. (US:CRBG) , Gates Industrial Corporation plc (US:GTES) , and FirstEnergy Corp. (US:FE) .
Even so, Blackstone had two major problems. It was an American firm eroding the stock of cheap housing, and it had partnered with a businessman who hurtled through the city like obnoxious startup founder. Certain acquisitions became particularly notorious.
Blackstone is the world's largest alternative asset manager, with more than $1 trillion in AUM. We serve institutional and individual investors by building strong businesses that deliver lasting value.
MUMBAI, Jan 30 (Reuters) - Blackstone-owned Indian home loans provider Aadhar Housing Finance is targeting a $600 million-650 million initial public offering (IPO) at a valuation of up to $3 billion, two people with direct knowledge said on Tuesday. Private equity group Blackstone (BX.
However, the two companies aren't really comparable by numbers alone, as they provide services to different sectors of the market and are both strong investment firms in their own rights. BlackRock is the world's largest asset manager and Blackstone Group is the world's largest private equity firm.
According to the latest TipRanks data, approximately 16.97% of the company's stock is held by institutional investors, 12.86% is held by insiders, and 44.26% is held by retail investors. VANGUARD INDEX FUNDS owns the most shares of Blackstone Group (BX).
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Under the Blackstone plan, Microsoft founder Gates, who owns 19% of Signature, would contribute his shareholding and top it up with cash to become a 30% owner.
Blackstone is the world's largest alternative asset manager with $1.04 trillion in assets under management as of Dec. 31, up 7% in 2023 to a record high. It specializes in "alternatives," the likes of real estate, private equity and infrastructure investments, rather than conventional stocks and bonds.
It was just a couple of years ago that Blackstone Inc.surpassed Goldman Sachs Group Inc.in market value. In recent months, the private investment giant left Morgan Stanley in its wake, too.
Ownership. HFB is owned by the Uganda National Social Security Fund (50.0 percent). The government of Uganda, through the Uganda Ministry of Finance, Planning and Economic Development, owns 49.18 percent.
Commenting on this occasion, Ammar Al-Safadi, Housing Bank's CEO, said, "We are pleased to collaborate with ProgressSoft once again to develop digital solutions that enhance the electronic services we provide to our customers, which is in line with our goals of constantly developing our technical environment to improve ...
History. The law establishing the FHFA is the Federal Housing Finance Regulatory Reform Act of 2008, which is Division A of the larger Housing and Economic Recovery Act of 2008, Public Law 110-289, signed on July 30, 2008 by President George W.Bush.
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