Blackstone to acquire Wadhawan Global's stake in Aadhar Housing Finance

This deal is supposed to significantly reduce Wadhawan Global Capital's outstanding corporate debt

Private equity giant Blackstone will acquire Aadhar Housing Finance (AHFL) from the crisis-ridden Wadhawan Group for an undisclosed sum, a deal that will help the latter reduce its outstanding corporate debt.
 
Wadhawan Global Capital (WGC), the parent company to both AHFL and Dewan Housing Finance (DHFL), and Blackstone signed a definitive agreement on Saturday. As part of the deal, WGC will be selling its entire 70 per cent stake in the affordable housing finance company to Blackstone. DHFL, which holds a 9.15 per cent stake in AHFL, will also exit the company. According to sources, the deal value is