As per sources privy to the development, Blackstone Group led Aadhar Housing will file draft prospectus for its IPO as soon as this month. From the share sale, the company is reportedly willing to raise $1 billion.
Aadhar Housing To Come Up With Its IPO In H1CY2021
And the country's largest mortgage providers to low-income earners will launch its IPO as early as in the first half of this year. Established in the year 2010, this Mumbai based company has a vast presence across the South Asian country with 294 branches and provides financial inclusiveness to low income earners earning between $76 to $765, according to its website.
The company had about 114 billion rupees ($1.6 billion) of assets under management in the latest financial year, about 14% higher than the previous year, its annual report shows. In 2019, the majority stake in the company has been acquired by Blackstone and it infused a sum of Rs. 8 billion into the housing financier.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google