Blackstone arm secures CCI approval for Aadhar Housing stake
after close1 source ↓written by the desknot a recommendation
- stake
- 80.15%
The Competition Commission of India has approved Blackstone's arm to acquire 80.15% stake in Aadhar Housing Finance Ltd. This acquisition will occur through a secondary purchase and an open offer to public shareholders. Aadhar Housing Finance specializes in home loans and property financing in India, enhancing Blackstone's portfolio in the housing sector.
This approval may boost market sentiment around housing finance stocks, indicating confidence in the sector's growth potential.
Not investment advice. For informational purposes only.