Blackstone-backed Aadhar Housing Finance files papers for $1 billion IPO
Aadhar Housing Finance will use proceeds from the fresh issue to boost its capital base. The company s capital to risk (weighted) assets ratio was 47.84% as of Sept. 30, 2020
Reuters | January 26, 2021 | Updated 17:43 IST
Blackstone was seeking to raise at least $5 billion for its second private equity fund focused on Asia, Bloomberg News reported in November
India s Aadhar Housing Finance Ltd, backed by private equity firm Blackstone Group Inc, has filed for an initial public offering of up to Rs 73 billion ($999.68 million), draft papers submitted to the market regulator showed on Tuesday.
The offering will comprise a fresh issue of shares worth up to Rs 15 billion by the housing financier and shares worth up to Rs 58 billion by BCP Topco VII Pte Ltd, an entity managed by Blackstone that owns 98.72% in the company.