Blackstone’s Acquisition of IFC-backed Aadhar Housing Finance


Khaitan & Co advised the sellers Aadhar Housing Finance Limited, Wadhawan Global Capital Limited, Dewan Housing Finance Limited, Mr Kapil Wadhawan, Mr Dheeraj Wadhawan and Ms Aruna Wadhawan

Blackstone Group has signed an agreement to acquire Aadhar Housing Finance Ltd, one of the selling shareholders said on Saturday.

Blackstone will acquire the stake in Aadhar Housing from controlling shareholders Dewan Housing Finance Corporation Ltd, financial services group Wadhawan Global Capital Ltd as well as group chairman Kapil Wadhawan and his family.

Khaitan & Co advised the sellers with a team including Kartick Maheshwari (Picture), Aashutosh Sampat, Vidushi Gupta, Abir Sarkar with assistance on diligence aspects from Madhusmita Deept, Vasundhra Minocha, Rahul Chandramouli and Angeline Benny.

Involved fees earner: Kartick Maheshwari – Khaitan & Co.; Aashutosh Sampat – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Aadhar Housing Finance Limited; Dewan Housing Finance Corporation Limited ; Wadhawan Global Capital;