Latest news with #Tahnoon
Time of India
3 days ago
- Business
- Time of India
Aadhar Housing Finance share surge over 7% on stake sale buzz
Aadhar Housing Finance shares 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.
Economic Times
3 days ago
- Business
- Economic Times
ADQ-Sheikh Tahnoon vehicle eyes $200 mn stake in Aadhar Housing Finance
Agencies Representative Image Mumbai: An investment vehicle backed by Abu Dhabi sovereign investor ADQ and partly owned by Sheikh Tahnoon bin Zayed al-Nahyan is in advanced discussions to buy a minority stake in Blackstone-backed Aadhar Housing Finance, said people in the know. Sheikh Tahnoon is the United Arab Emirates national security adviser as well as ADQ chair. The $200-225 million investment (Rs 1,750-2,000 crore) will be made through the secondary sale of shares for a 10-12% stake in the affordable housing finance company, which held an IPO in 2024. A formal announcement is expected in the coming weeks, said the people mentioned cited above. This will follow a larger, near $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 about the identity of the new investor or any other details. ADQ //and Sheikh Tahnoon's office// didn't respond to queries. Over the weekend, the company made a public disclosure that Blackstone funds BCP Asia II Holdco VII Pte, Blackstone Capital Partners (CYM) IX and Blackstone Capital Partners (CYM) IX AIV-FLP have made an open offer to buy 113.5 million Aadhar shares, translating to a 25.82% stake, from public shareholders as per regulations at Rs 469.97 apiece. The open offer was triggered as Blackstone is flipping a majority share (about 64%) of its shareholding from one set of funds to two new funds of the firm at Rs 425 apiece, to ensure continuity. The value of this secondary transaction is Rs 12,000 crore ($1.4 billion). If the open offer is fully subscribed, Blackstone will pay a further Rs 5,335 crore ($620 million) in cash. JM Financial is helping with the open offer. Blackstone may have to sell some stock to comply with the ceiling of 75% non-public shareholding, if the offer is fully stake sale to the new Abu Dhabi vehicle is also expected to be at a similar Friday, Aadhar closed at Rs 496.90 for a market value of Rs 21,469.03 crore. In the past month, it has appreciated 12.11% in anticipation of a transaction. Year to date it is up 18.63% on the back of a robust performance. The company reported a 19% increase in net profit to Rs 237 crore in the first quarter ended funds, in which a private equity group sells assets from one of the funds they manage to a newer one also managed by the firm, are widely prevalent in the west. It's catching on in India with Chrys Capital and Multiples launching similar structures for some of their investments such as National Stock Exchange (NSE), Vastu Housing Finance, Quantiphi and APAC Financial Services. According to investment bank Jefferies, buyout groups have used this strategy, regarded as controversial by some analysts, to exit $ 41 billion of investments in the first six months of 2025. Such transactions hit a record 19% of all sales by the industry for the period, up 60% from a year developed markets, funds have been struggling to find external buyers or list holdings and return capital to investors. In growth markets like India, they argue that companies like Aadhar have a significant growth runway left for a fund to stay invested and ride the upside. Typically, a fund with a 10-year lifespan will have a three-to-five-year investment the IPO, even though several strategic financial groups or funds approached Blackstone to either partially or fully exit Aadhar, a transaction could not be concluded due to valuation mismatches, said people with knowledge of the matter.'Blackstone has been a committed partner to Aadhar since 2019, playing a key role over the past six years in strengthening its position as India's largest affordable housing finance company. That is what made it do an Mphasis with Aadhar too,' said an executive in the know. 'The fundamentals of the affordable housing segment remain strong giving it the confidence to stay invested and even rope in new, high-profile investors.' The industry is likely to see a five-year CAGR of 17-18%.The management and the board will stay in place. Under Blackstone's six-year ownership, Aadhar's AUM has ballooned to $3 billion, 1.2x that of its nearest than ADQ, Abu Dhabi has several sovereign investment funds, including ADIA, Mubadala and AI-focused MGX. The oil-rich emirate has been keen on betting large sums to back new vehicles as it positions itself as a hub of global capital. For example, in 2024, ADQ and Chimera Investment--part of the sprawling business empire of Sheikh Tahnoon–launched Lunate, which has emerged as one of the hottest new asset managers of the region, which has invested in close to 30 deals in one year. Lunate also owns Alterra, a $30 billion climate fund, with international groups BlackRock, TPG and Brookfield. ADQ has committed $6.5 billion to Alterra. Lunate includes Alterra in its assets under management.
Time of India
3 days ago
- Business
- Time of India
ADQ-Sheikh Tahnoon vehicle eyes $200 mn stake in Aadhar Housing Finance
An investment vehicle backed by Abu Dhabi's ADQ, linked to Sheikh Tahnoon bin Zayed al-Nahyan, is in advanced talks to acquire a 10-12% stake in Aadhar Housing Finance from Blackstone for $200-225 million. This follows Blackstone's near $2 billion capital commitment via a continuation vehicle. The deal highlights strong investor confidence in India's affordable housing sector and Aadhar's growth potential. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: An investment vehicle backed by Abu Dhabi sovereign investor ADQ and partly owned by Sheikh Tahnoon bin Zayed al-Nahyan is in advanced discussions to buy a minority stake in Blackstone-backed Aadhar Housing Finance , said people in the know. Sheikh Tahnoon is the United Arab Emirates national security adviser as well as ADQ $200-225 million investment (Rs 1,750-2,000 crore) will be made through the secondary sale of shares for a 10-12% stake in the affordable housing finance company, which held an IPO in 2024. A formal announcement is expected in the coming weeks, said the people mentioned cited will follow a larger, near $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 declined to comment about the identity of the new investor or any other details. ADQ //didn't respond to the weekend, the company made a public disclosure that Blackstone funds BCP Asia II Holdco VII Pte, Blackstone Capital Partners (CYM) IX and Blackstone Capital Partners (CYM) IX AIV-FLP have made an open offer to buy 113.5 million Aadhar shares, translating to astake, from public shareholders as per regulations at Rs 469.97 open offer was triggered as Blackstone is flipping a majority share (about 64%) of its shareholding from one set of funds to two new funds of the firm at Rs 425 apiece, to ensure continuity. The value of this secondary transaction is Rs 12,000 crore ($1.4 billion). If the open offer is fully subscribed, Blackstone will pay a further Rs 5,335 crore ($620 million) in Financial is helping with the open offer. Blackstone may have to sell some stock to comply with the ceiling of 75% non-public shareholding, if the offer is fully stake sale to the new Abu Dhabi vehicle is also expected to be at a similar Friday, Aadhar closed at Rs 496.90 for a market value of Rs 21,469.03 crore. In the past month, it has appreciated 12.11% in anticipation of a transaction. Year to date it is up 18.63% on the back of a robust performance. The company reported a 19% increase in net profit to Rs 237 crore in the first quarter ended funds, in which a private equity group sells assets from one of the funds they manage to a newer one also managed by the firm, are widely prevalent in the west. It's catching on in India with Chrys Capital and Multiples launching similar structures for some of their investments such as National Stock Exchange (NSE), Vastu Housing Finance, Quantiphi and APAC Financial to investment bank Jefferies, buyout groups have used this strategy, regarded as controversial by some analysts, to exit $ 41 billion of investments in the first six months of 2025. Such transactions hit a record 19% of all sales by the industry for the period, up 60% from a year developed markets, funds have been struggling to find external buyers or list holdings and return capital to investors. In growth markets like India, they argue that companies like Aadhar have a significant growth runway left for a fund to stay invested and ride the upside. Typically, a fund with a 10-year lifespan will have a three-to-five-year investment the IPO, even though several strategic financial groups or funds approached Blackstone to either partially or fully exit Aadhar, a transaction could not be concluded due to valuation mismatches, said people with knowledge of the matter.'Blackstone has been a committed partner to Aadhar since 2019, playing a key role over the past six years in strengthening its position as India's largest affordable housing finance company. That is what made it do an Mphasis with Aadhar too,' said an executive in the know. 'The fundamentals of the affordable housing segment remain strong giving it the confidence to stay invested and even rope in new, high-profile investors.'The industry is likely to see a five-year CAGR of 17-18%.The management and the board will stay in place. Under Blackstone's six-year ownership, Aadhar's AUM has ballooned to $3 billion, 1.2x that of its nearest than ADQ, Abu Dhabi has several sovereign investment funds, including ADIA, Mubadala and AI-focused MGX. The oil-rich emirate has been keen on betting large sums to back new vehicles as it positions itself as a hub of global capital. For example, in 2024, ADQ and Chimera Investment--part of the sprawling business empire of Sheikh Tahnoon–launched Lunate, which has emerged as one of the hottest new asset managers of the region, which has invested in close to 30 deals in one year. Lunate also owns Alterra, a $30 billion climate fund, with international groups BlackRock, TPG and Brookfield. ADQ has committed $6.5 billion to Alterra. Lunate includes Alterra in its assets under management.
Gulf Today
04-07-2025
- Politics
- Gulf Today
Saudi Crown Prince receives Tahnoon Bin Zayed
His Royal Highness Prince Mohammed Bin Salman Bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia, received on Tuesday in Jeddah, Sheikh Tahnoon Bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Advisor. At the beginning of the meeting, Sheikh Tahnoon Bin Zayed conveyed to the Saudi Crown Prince the greetings of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, along with his wishes for continued progress and prosperity for the Kingdom. In return, Prince Mohammed Bin Salman conveyed his greetings to President His Highness Sheikh Mohamed Bin Zayed Al Nahyan, wishing the United Arab Emirates continued progress and development. Sheikh Tahnoon said: 'This meeting comes within the framework of ongoing consultations between the leaderships of the two brotherly countries regarding various issues related to the security and stability of the region, and coordination on the current developments taking place in the region.' Sheikh Tahnoon added: 'The UAE firmly believes in the importance of joint Arab action, both bilaterally and collectively, and in the need for constant communication to confront current challenges and ensure the future and sustainable development of the region.' During the meeting, discussions were held on strengthening the bilateral partnership in vital and strategic fields, given its positive impact on the advancement and prosperity of the region. WAM
Dubai Eye
04-07-2025
- Politics
- Dubai Eye
Saudi Crown Prince receives Sheikh Tahnoon bin Zayed
Saudi Crown Prince and Prime Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud received His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Advisor in Riyadh on Thursday. The meeting included discussions on strengthening the bilateral partnership in vital and strategic fields, given its positive impact on the advancement and prosperity of the region. H.H Sheikh Tahnoon highlighted the meeting's framework on ongoing consultations towards issues related to the security, stability, and current developments of the region. He also added: 'The UAE firmly believes in the importance of joint Arab action, both bilaterally and collectively, and in the need for constant communication to confront current challenges and ensure the future and sustainable development of the region.' Sheikh Tahnoon also extended greetings from the UAE's President His Highness Sheikh Mohamed bin Zayed Al Nahyan, wishing continued progress and prosperity for the Kingdom. In return, Prince Mohammed bin Salman conveyed his greetings to the UAE President, wishing the United Arab Emirates continued progress and development.
