Aadhar Housing Finance share surge over 7% on stake sale buzz
surged 7.33% to Rs 533 on Monday, following reports that an investment vehicle backed by Abu Dhabi's ADQ and Sheikh Tahnoon bin Zayed al-Nahyan is in advanced talks to acquire a minority stake in the company.
The potential investment—estimated at $200–225 million (Rs 1,750–2,000 crore)—would translate into a 10–12% stake in the
affordable housing finance
firm through a secondary share sale. A formal announcement is expected in the coming weeks, sources familiar with the matter said, according to a report by The Economic Times.
Aadhar Housing Finance, backed by private equity giant Blackstone, made its stock market debut in 2024. The prospective stake sale would mark a significant foreign investment move in the Indian financial services sector, and is seen as a vote of confidence in the long-term growth of affordable housing finance in India.
This will follow a larger, nearly $2 billion (Rs 17,335 crore) capital commitment by Blackstone along with two of its sponsors or limited partners (LPs). This will be through the transfer of most of Blackstone's existing three-fourths shareholding into a new 'continuation' vehicle, similar to what it did in Mphasis in 2021. Blackstone declined to comment on the identity of the incoming investor or the specifics of the deal. ADQ and Sheikh Tahnoon's office have also not responded to media queries.
Market participants see the development as a positive signal for the company's prospects and stability of ownership. The stock reacted accordingly, recording one of its sharpest single-day gains since listing.
Aadhar Housing Finance
touched a new 52-week high of Rs 538 during intraday trading, reflecting growing investor interest amid
stake sale buzz
and strong technical momentum.
From a technical view, Aadhar Housing's RSI (14) is at 60.5, indicating neutral to bullish momentum. It's not overbought or oversold, suggesting the stock has room to rise further without being overextended.
Additionally, the stock is showing bullish signals on moving averages. It is currently trading above all 8 key Simple Moving Averages (SMAs)—from the 5-day to the 200-day SMA. This broad-based strength across short-, medium-, and long-term averages reinforces the uptrend and suggests sustained buying interest.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
10 minutes ago
- Indian Express
Donald Trump warns India of 25% tariffs if trade deal not reached
US President Donald Trump on Tuesday said that Indian imports could face tariffs as high as 25% if the two countries are unable to finalise a trade agreement soon. 'They are going to pay 25%,' Trump told reporters, according to CNN. When asked whether India would be charged tariffs between 20% and 25%, Trump replied, 'Yeah, I think so. India has been; they're my friends.' The United States and India have been discussing a trade deal for months, but no final agreement has been reached. Trump has been pressing for greater access for American goods to the Indian market. He has often made similar demands in other trade negotiations. US Trade Representative Jamieson Greer said further talks would be needed to move things forward. 'They have expressed strong interest in opening portions of their market,' Greer said in an interview with CNBC on Monday, as reported by CNN. 'We, of course, are willing to continue talking to them. But I think we need some more negotiations on that with our Indian friends to see how ambitious they want to be.' This is a developing story
&w=3840&q=100)
Business Standard
10 minutes ago
- Business Standard
India braces for higher US tariffs, eyes broader trade deal: Report
India is preparing to face higher US tariffs likely between 20 per cent and 25 per cent on some of its exports as a temporary measure, as it holds off on fresh trade concessions ahead of Washington's August 1 deadline, two Indian government sources said. Instead, New Delhi plans to resume broader trade negotiations when a US delegation visits in mid-August, with the goal of finalising a comprehensive bilateral agreement by September or October, one of the Indian officials told Reuters. "Talks are progressing well, and a delegation is expected in Delhi by mid-August, one of the Indian government officials said, adding that President Donald Trump could issue a tariff letter imposing duties of 20 or 25 per cent in a "worst-case scenario". "However, we assume it would be a temporary measure, considering the five rounds of trade talks that have taken place. A deal will soon be worked out, the official said. US Trade Representative Jamieson Greer told CNBC on Monday that talks with India required more negotiations as Trump was more interested in good deals than quick deals. India has shown "strong interest in opening portions of its market" though its trade policy had long focussed on protecting domestic interests, Greer said. Piyush Goyal, India's trade minister, told Reuters last week India is making "fantastic" progress in US trade talks. Indian officials said New Delhi has offered tariff cuts on a wide range of goods and is working to ease non-tariff barriers. However, agriculture and dairy remain no-go areas, with India unwilling to allow imports of genetically modified soybean or corn, or to open its dairy sector. Total bilateral goods trade reached about $129 billion in 2024, with India posting a trade surplus of nearly $46 billion. India is holding back on fresh offers while calibrating its strategy amid broader US tariff threats targeting BRICS nations, including India, over issues such as de-dollarisation and purchases of Russian oil, said another official. "We remain hopeful of securing a deal that gives Indian exporters preferential access compared to our peers," the official said. Officials spoke on condition of anonymity as they were not authorised to speak to media. India's commerce ministry and the US Trade Representative's Office did not immediately respond to emailed requests for comments. "We need more negotiations with our Indian friends to see how ambitious they want to be," Greer said. Analysts said, without a deal, Indian exports could face average US tariffs of around 26 per cent, higher than those faced by Vietnam, Indonesia, Japan or the European Union.
India.com
10 minutes ago
- India.com
Big blow to Elon Musk, Indian govt limits Starlink connections to…, good news for Mukesh Ambani's Jio, Sunil Mittal's Airtel because…
Billionaire Elon Musk-led satellite communications company Starlink will be limited to a maximum of 20 lakh connections in India, Union Minister Pemmasani Chandra Sekhar said on Monday, downplaying concerns over its impact on state-run BSNL and other telecom operators. The Minister of State for Telecom made the remarks while speaking on the sidelines of a BSNL review meeting. 'Starlink can have only 20 lakh customers in India and offer up to 200 Mbps speed. That won't affect telecom services,' the minister said. What Will Satcom Services Do? Satcom services are expected to target rural and remote areas where BSNL is known to have a significant presence..A government official mentioned that the limit on Starlink connections is due to its existing capacity. The minister said that the upfront cost for satcom services will be too high and the monthly cost may be around Rs 3,000. The minister also said that BSNL 4G rollout is complete and it does not plan to increase tariffs as of now. 'We want market first. There are no tariff hikes planned,' he said. What Minister Said On BSNL Future Plans? The minister said that BSNL has seen a 20-30 per cent increase in revenue in the first quarter of the current fiscal year due to the rollout of 4G services and technology is settling down. 'Earlier, there were some technical issues but over 90 per cent of them have been sorted out. There were issues around power stations. 30,000 power stations have been replaced with an expenditure of around Rs 600-700 crore,' Pemmasani said, adding that improvement in power supplies has resulted in higher uptime for BSNL networks and enhanced customer's experience. 'Each circle is being given individual targets in terms of increasing subscriber base,' he said, adding that BSNL has had a lot of legacy issues that are being resolved now. When asked about the status of Chinese equipment in BSNL, the minister said that the government plans to continue using indigenous technologies in the state-run firm and it will gradually phase out 2G and 3G equipment and do away with the need for maintenance of that equipment. BSNL has installed 2G and 3G technology using some of the equipment from Chinese vendors, including ZTE. (With Inputs From PTI)
