Blackstone to infuse Rs 800-crore fresh equity in Aadhar Housing Finance

Blackstone announced that private equity funds managed by the firm have entered into a definitive agreement to acquire the entire stake in Aadhar held by the existing controlling shareholders

Blackstone will infuse Rs 800 crore in fresh equity in Aadhar Housing Finance, which will double its net worth and reduce its debt-equity ratio by half, the private equity major said while announcing the acquisition of the affordable housing finance company Sunday. 

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 of Rs 8,000 million will double the company’s net worth and reduce its debt to equity ratio by roughly half.’’ 

“We are proud to support government’s ‘Housing for