India, Feb. 27 -- Aadhar Housing Finance is currently undergoing a significant change in ownership as a result of the acquisition of a controlling stake by Blackstone-backed companies in an open offer and share purchase agreements. The reclassification, as per SEBI regulations, has resulted in Blackstone being recognised as the new promoter, and the previous promoter group has entirely exited the company. A transition at the promoter level is a significant development for financial institutions, as it affects the standards of governance, strategies, and access to capital.

With a market cap of Rs 20,224 crore, the shares of Aadhar Housing Finance Ltd are trading at Rs 465 and are trading at a PE of 19.4 compared to its industry PE of 14. ...