SEBI approves Aadhar Housing Finance's IPO to raise ~Rs 5,000 crore, with a mix of fresh equity and offer for sale.

SEBI has approved Aadhar Housing Finance's proposed IPO to raise around Rs 5,000 crore. The company, focused on the low-income housing segment, will combine a fresh equity issue of Rs 1,000 crore and an offer for sale of Rs 4,000 crore, with promoter BCP Topco VII Pte divesting its stake. Aadhar Housing Finance serves the economically weaker and low-to-middle income customers requiring small ticket mortgage loans.

April 08, 2024
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