Blackstone to acquire 70% in Aadhar housing from Wadhawan Global – parent company of DHFL

Oh, here’s some bit of good news for DHFL…finally!

Private equity giant Blackstone looks set to acquire Wadhawan Global’s 70% stake in Aadhar Housing.

DHFL which owns 9.15% in the company will also offload its stake. ET is pegging the deal at Rs 2700 cr.

Also, check this Tweet out by Andy Mukherjee: 

https://twitter.com/andymukherjee70/status/1091657854199554048?s=09

Will be interesting to see the reaction of the bonds on Monday. In case you don’t know, here’s how they have so far:

https://nakedbeta.com/bonds/pain-in-dhfl-bonds-continues/

Posted by Passivefool

A passive investor at present who was actively scammed once. Seduced by the humble beta, preaching to the choir now.

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