Archive · 7 Dec 2025
Aadhar Housing Finance Awaits Regulatory Approval for Blackstone Fund Transition
Aadhar Housing Finance is waiting for approvals to move some of Blackstone's ownership to another fund and a group called Lunate.
This change won't affect how the company is run.
Aadhar is doing well, with good loan performance and plans to grow.
They expect to reach Rs 30,000 crore in assets by the end of the financial year.
The company is stable and doesn't need extra money soon.
They are seeing strong demand in most states, especially Rajasthan, and have low bad loans.
Aadhar Housing Finance expects regulatory approvals soon for Blackstone's fund transition, reducing Blackstone's stake from 75% to 65% and transferring 10% to Lunate Group.
The transition is internal and will not affect the company's management or strategy.
Aadhar reported a 16% growth in disbursements to Rs 4,089 crore in the first half of FY26.
The company maintains stable asset quality with gross NPAs at around 1.1% for the past three years.
Aadhar targets Rs 30,000 crore in assets under management by the end of FY26, with a projected 20–22% growth for the next three years.
- Who
- Aadhar Housing Finance, Blackstone, Lunate Group
- What
- Transition of ownership within Blackstone’s funds
- When
- Completion expected soon, subject to regulatory approvals
- Where
- India, with operations in 22 states
- Why
- Blackstone is transferring its stake from one fund to another
- Current Blackstone Stake
- 75%
- Post-Transition Blackstone Stake
- 65%
- Lunate Group Stake
- 10%
- Gross NPAs
- 1.1%
- FY26 Disbursements
- Rs 4,089 crore
- FY26 AUM Target
- Rs 30,000 crore
- Projected AUM Growth
- 20–22% for next 3 years