Blackstone Group, which is the world largest private equity firm, has now inked a pact to acquire the Aadhar Housing Finance Ltd, which is one of the largest selling shareholders firm.
Blackstone will acquire the stake in the Aadhar Housing from controlling the shareholders Dewan Housing Finance Corporation Ltd, finance service group Wadhawan Global Capital Ltd as well as the group chairman Kapil Wadhawan and his entire family.
Wadhwan Global owns around 70% shares of the Aadhar Housing while the Kapil Wadhawan and his family own another 2% according to the report. Including the Dewan Housing Stake, the promoter holding is about 80%.
As of now, Dewan Housing did not disclose the financial details of the transaction. Moreover, some of the reports said that the deal is worth around Rs 2700 crore.
Aadhar provides with a home financing to lower and middle-income segments. Wadhwan Group has been looking to sell the Aadhar for the past few months.
Picture Credits: Blackstone
