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Abu Dhabi investors are close to buying a significant stake in Indian housing firm Aadhar for up to $225M.
An Abu Dhabi investment vehicle is in advanced talks to buy a 10-12% stake in Aadhar Housing Finance for $200-225 million.
This comes after Blackstone transferred most of its shareholding into a new 'continuation' vehicle with a near $2 billion capital commitment.
The potential investment signals confidence in India's affordable housing market and has boosted Aadhar's stock, which saw a 7.33% surge on Monday.
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Los inversores de Abu Dhabi están cerca de comprar una participación significativa en la firma de vivienda india Aadhar por hasta $ 225 millones.