A draft red herring prospectus was filed with SEBI by Blackstone, which is the world’s largest alternative asset manager and the largest owner of commercial real estate in India. Blackstone is all set to launch a mega initial public offering or IPO by its portfolio company Aadhar Housing Finance for raising Rs 7300 Crores.
It is reported that the public offering will comprise of fresh and secondary issue of shares. The public markets are in a stable phase right now and affordable housing finance collections are holding up quite will in the segment.
Aadhar Housing Finance will be the first Indian portfolio company backed up by the US private equity giant to launch an IPO and get listed.
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