Latest news with #TahnoonbinZayedal-Nahyan
Time of India
4 days ago
- Business
- Time of India
Aadhar Housing Finance share surge over 7% on stake sale buzz
Aadhar Housing Finance shares surged 7.33% to Rs 533 on Monday, following reports that an investment vehicle backed by Abu Dhabi's ADQ and Sheikh Tahnoon bin Zayed al-Nahyan is in advanced talks to acquire a minority stake in the company. The potential investment—estimated at $200–225 million (Rs 1,750–2,000 crore)—would translate into a 10–12% stake in the affordable housing finance firm through a secondary share sale. A formal announcement is expected in the coming weeks, sources familiar with the matter said, according to a report by The Economic Times. Aadhar Housing Finance, backed by private equity giant Blackstone, made its stock market debut in 2024. The prospective stake sale would mark a significant foreign investment move in the Indian financial services sector, and is seen as a vote of confidence in the long-term growth of affordable housing finance in India. This will follow a larger, nearly $2 billion (Rs 17,335 crore) capital commitment by Blackstone along with two of its sponsors or limited partners (LPs). This will be through the transfer of most of Blackstone's existing three-fourths shareholding into a new 'continuation' vehicle, similar to what it did in Mphasis in 2021. Blackstone declined to comment on the identity of the incoming investor or the specifics of the deal. ADQ and Sheikh Tahnoon's office have also not responded to media queries. Market participants see the development as a positive signal for the company's prospects and stability of ownership. The stock reacted accordingly, recording one of its sharpest single-day gains since listing. Aadhar Housing Finance touched a new 52-week high of Rs 538 during intraday trading, reflecting growing investor interest amid stake sale buzz and strong technical momentum. From a technical view, Aadhar Housing's RSI (14) is at 60.5, indicating neutral to bullish momentum. It's not overbought or oversold, suggesting the stock has room to rise further without being overextended. Additionally, the stock is showing bullish signals on moving averages. It is currently trading above all 8 key Simple Moving Averages (SMAs)—from the 5-day to the 200-day SMA. This broad-based strength across short-, medium-, and long-term averages reinforces the uptrend and suggests sustained buying interest.
Economic Times
4 days ago
- Business
- Economic Times
ADQ-Sheikh Tahnoon vehicle eyes $200 mn stake in Aadhar Housing Finance
Agencies Representative Image Mumbai: An investment vehicle backed by Abu Dhabi sovereign investor ADQ and partly owned by Sheikh Tahnoon bin Zayed al-Nahyan is in advanced discussions to buy a minority stake in Blackstone-backed Aadhar Housing Finance, said people in the know. Sheikh Tahnoon is the United Arab Emirates national security adviser as well as ADQ chair. The $200-225 million investment (Rs 1,750-2,000 crore) will be made through the secondary sale of shares for a 10-12% stake in the affordable housing finance company, which held an IPO in 2024. A formal announcement is expected in the coming weeks, said the people mentioned cited above. This will follow a larger, near $2 billion (Rs 17,335 crore) capital commitment, by Blackstone along with two of its sponsors or limited partners (LPs). This will be through the transfer of most of Blackstone's existing three-fourths shareholding into a new 'continuation' vehicle, similar to what it did in Mphasis in 2021. Blackstone declined to comment about the identity of the new investor or any other details. ADQ //and Sheikh Tahnoon's office// didn't respond to queries. Over the weekend, the company made a public disclosure that Blackstone funds BCP Asia II Holdco VII Pte, Blackstone Capital Partners (CYM) IX and Blackstone Capital Partners (CYM) IX AIV-FLP have made an open offer to buy 113.5 million Aadhar shares, translating to a 25.82% stake, from public shareholders as per regulations at Rs 469.97 apiece. The open offer was triggered as Blackstone is flipping a majority share (about 64%) of its shareholding from one set of funds to two new funds of the firm at Rs 425 apiece, to ensure continuity. The value of this secondary transaction is Rs 12,000 crore ($1.4 billion). If the open offer is fully subscribed, Blackstone will pay a further Rs 5,335 crore ($620 million) in cash. JM Financial is helping with the open offer. Blackstone may have to sell some stock to comply with the ceiling of 75% non-public shareholding, if the offer is fully stake sale to the new Abu Dhabi vehicle is also expected to be at a similar Friday, Aadhar closed at Rs 496.90 for a market value of Rs 21,469.03 crore. In the past month, it has appreciated 12.11% in anticipation of a transaction. Year to date it is up 18.63% on the back of a robust performance. The company reported a 19% increase in net profit to Rs 237 crore in the first quarter ended funds, in which a private equity group sells assets from one of the funds they manage to a newer one also managed by the firm, are widely prevalent in the west. It's catching on in India with Chrys Capital and Multiples launching similar structures for some of their investments such as National Stock Exchange (NSE), Vastu Housing Finance, Quantiphi and APAC Financial Services. According to investment bank Jefferies, buyout groups have used this strategy, regarded as controversial by some analysts, to exit $ 41 billion of investments in the first six months of 2025. Such transactions hit a record 19% of all sales by the industry for the period, up 60% from a year developed markets, funds have been struggling to find external buyers or list holdings and return capital to investors. In growth markets like India, they argue that companies like Aadhar have a significant growth runway left for a fund to stay invested and ride the upside. Typically, a fund with a 10-year lifespan will have a three-to-five-year investment the IPO, even though several strategic financial groups or funds approached Blackstone to either partially or fully exit Aadhar, a transaction could not be concluded due to valuation mismatches, said people with knowledge of the matter.'Blackstone has been a committed partner to Aadhar since 2019, playing a key role over the past six years in strengthening its position as India's largest affordable housing finance company. That is what made it do an Mphasis with Aadhar too,' said an executive in the know. 'The fundamentals of the affordable housing segment remain strong giving it the confidence to stay invested and even rope in new, high-profile investors.' The industry is likely to see a five-year CAGR of 17-18%.The management and the board will stay in place. Under Blackstone's six-year ownership, Aadhar's AUM has ballooned to $3 billion, 1.2x that of its nearest than ADQ, Abu Dhabi has several sovereign investment funds, including ADIA, Mubadala and AI-focused MGX. The oil-rich emirate has been keen on betting large sums to back new vehicles as it positions itself as a hub of global capital. For example, in 2024, ADQ and Chimera Investment--part of the sprawling business empire of Sheikh Tahnoon–launched Lunate, which has emerged as one of the hottest new asset managers of the region, which has invested in close to 30 deals in one year. Lunate also owns Alterra, a $30 billion climate fund, with international groups BlackRock, TPG and Brookfield. ADQ has committed $6.5 billion to Alterra. Lunate includes Alterra in its assets under management.
Time of India
4 days ago
- Business
- Time of India
ADQ-Sheikh Tahnoon vehicle eyes $200 mn stake in Aadhar Housing Finance
An investment vehicle backed by Abu Dhabi's ADQ, linked to Sheikh Tahnoon bin Zayed al-Nahyan, is in advanced talks to acquire a 10-12% stake in Aadhar Housing Finance from Blackstone for $200-225 million. This follows Blackstone's near $2 billion capital commitment via a continuation vehicle. The deal highlights strong investor confidence in India's affordable housing sector and Aadhar's growth potential. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: An investment vehicle backed by Abu Dhabi sovereign investor ADQ and partly owned by Sheikh Tahnoon bin Zayed al-Nahyan is in advanced discussions to buy a minority stake in Blackstone-backed Aadhar Housing Finance , said people in the know. Sheikh Tahnoon is the United Arab Emirates national security adviser as well as ADQ $200-225 million investment (Rs 1,750-2,000 crore) will be made through the secondary sale of shares for a 10-12% stake in the affordable housing finance company, which held an IPO in 2024. A formal announcement is expected in the coming weeks, said the people mentioned cited will follow a larger, near $2 billion (Rs 17,335 crore) capital commitment, by Blackstone along with two of its sponsors or limited partners (LPs). This will be through the transfer of most of Blackstone's existing three-fourths shareholding into a new 'continuation' vehicle, similar to what it did in Mphasis in declined to comment about the identity of the new investor or any other details. ADQ //didn't respond to the weekend, the company made a public disclosure that Blackstone funds BCP Asia II Holdco VII Pte, Blackstone Capital Partners (CYM) IX and Blackstone Capital Partners (CYM) IX AIV-FLP have made an open offer to buy 113.5 million Aadhar shares, translating to astake, from public shareholders as per regulations at Rs 469.97 open offer was triggered as Blackstone is flipping a majority share (about 64%) of its shareholding from one set of funds to two new funds of the firm at Rs 425 apiece, to ensure continuity. The value of this secondary transaction is Rs 12,000 crore ($1.4 billion). If the open offer is fully subscribed, Blackstone will pay a further Rs 5,335 crore ($620 million) in Financial is helping with the open offer. Blackstone may have to sell some stock to comply with the ceiling of 75% non-public shareholding, if the offer is fully stake sale to the new Abu Dhabi vehicle is also expected to be at a similar Friday, Aadhar closed at Rs 496.90 for a market value of Rs 21,469.03 crore. In the past month, it has appreciated 12.11% in anticipation of a transaction. Year to date it is up 18.63% on the back of a robust performance. The company reported a 19% increase in net profit to Rs 237 crore in the first quarter ended funds, in which a private equity group sells assets from one of the funds they manage to a newer one also managed by the firm, are widely prevalent in the west. It's catching on in India with Chrys Capital and Multiples launching similar structures for some of their investments such as National Stock Exchange (NSE), Vastu Housing Finance, Quantiphi and APAC Financial to investment bank Jefferies, buyout groups have used this strategy, regarded as controversial by some analysts, to exit $ 41 billion of investments in the first six months of 2025. Such transactions hit a record 19% of all sales by the industry for the period, up 60% from a year developed markets, funds have been struggling to find external buyers or list holdings and return capital to investors. In growth markets like India, they argue that companies like Aadhar have a significant growth runway left for a fund to stay invested and ride the upside. Typically, a fund with a 10-year lifespan will have a three-to-five-year investment the IPO, even though several strategic financial groups or funds approached Blackstone to either partially or fully exit Aadhar, a transaction could not be concluded due to valuation mismatches, said people with knowledge of the matter.'Blackstone has been a committed partner to Aadhar since 2019, playing a key role over the past six years in strengthening its position as India's largest affordable housing finance company. That is what made it do an Mphasis with Aadhar too,' said an executive in the know. 'The fundamentals of the affordable housing segment remain strong giving it the confidence to stay invested and even rope in new, high-profile investors.'The industry is likely to see a five-year CAGR of 17-18%.The management and the board will stay in place. Under Blackstone's six-year ownership, Aadhar's AUM has ballooned to $3 billion, 1.2x that of its nearest than ADQ, Abu Dhabi has several sovereign investment funds, including ADIA, Mubadala and AI-focused MGX. The oil-rich emirate has been keen on betting large sums to back new vehicles as it positions itself as a hub of global capital. For example, in 2024, ADQ and Chimera Investment--part of the sprawling business empire of Sheikh Tahnoon–launched Lunate, which has emerged as one of the hottest new asset managers of the region, which has invested in close to 30 deals in one year. Lunate also owns Alterra, a $30 billion climate fund, with international groups BlackRock, TPG and Brookfield. ADQ has committed $6.5 billion to Alterra. Lunate includes Alterra in its assets under management.
Yahoo
16-05-2025
- Business
- Yahoo
Richard Caring in advanced talks to sell part of UK hospitality empire
Businessman Richard Caring is in advanced discussions to sell a substantial part of his hospitality business in the UK to the International Holding Company (IHC), overseen by its chairman Sheikh Tahnoon bin Zayed al-Nahyan, as reported by the Financial Times. The sale encompasses the Ivy restaurants chain and Annabel's, an exclusive London private members club. The potential deal, which has been under consideration for some time and has recently gained momentum, could exceed £1bn ($1.32bn). The negotiations, which could lead to a partial exit for Caring, are primarily focused on selling a stake in Troia, the entity behind the Ivy Collection, which operates 40 restaurants across the UK and Ireland. The deal could provide Caring with funding to expand his hospitality brands into new markets. However, the deal's specifics are still being finalised, with discussions around the price and assets involved still variable. The scope of the potential transaction has broadened and may now include Caring's other assets, such as his Mayfair private members' clubs George and Harry's Bar —held under Mark Birley Holdings, which is co-owned by Qatar's former prime minister Sheikh Hamad bin Jassim bin Jaber al-Thani. Caring's portfolio also includes casual dining chain Bill's and Caprice Holdings, which owns upscale dining establishments Bacchanalia, Sexy Fish and Scott's. Despite ongoing talks, sources emphasise that there is no certainty that a deal will be reached between IHC and Caring. Caring manages his business through a network of investment vehicles owned by Jersey and British Virgin Islands-based holding companies. Corporate filings indicate that Troia, Caprice and Mark Birley Holdings have collectively guaranteed bank loans. The conglomerate IHC already has a diverse portfolio in the hospitality sector. Its listed subsidiary Alpha Dhabi Holdings holds a controlling interest in the National Corporation for Tourism and Hotels, which owns luxury hotels in Abu Dhabi, the Maldives and the Seychelles. Additionally, via a joint venture with Monterock International, Alpha Dhabi has stakes in hospitality brands such as the Greek luxury resorts chain Nammos. In September 2024, Caring was known to be in talks to sell the Ivy Collection restaurant group to a London-based investment company, Si Advisors. "Richard Caring in advanced talks to sell part of UK hospitality empire" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Russia Today
05-05-2025
- Business
- Russia Today
Gulf AI giant moves into US amid tech rivalry
The United Arab Emirates' artificial intelligence group G42, backed by Abu Dhabi's state-owned Mubadala investment company, is set to expand into the US, Financial Times has reported, citing corporate filings. It plans to invest tens of billions of dollars to establish itself in the market, the newspaper said. While the US has dominated the domain, as well as the semiconductor segment, more and more nations are making concerted efforts to develop and promote globally indigenous AI technologies and chips. In an article on Sunday, FT quoted a G42 representative as confirming that it is 'committed to the USA market expansion and has established a legal entity towards that strategy.' The publication noted that the AI company is chaired by the UAE's national security adviser Sheikh Tahnoon bin Zayed al-Nahyan, who has spearheaded the country's AI-centered economic diversification push. Last April, Microsoft pledged to invest $1.5 billion into G42 in exchange for a minority stake in the UAE group, which has also attracted other US investors, including Ray Dalio's family office and private equity firm Silver Lake. In 2023, G42 announced it was cutting ties with Chinese hardware suppliers such as Huawei in favor of their American competitors to ensure compliance with US regulations. As recently as January, the debut of DeepSeek in China cast doubt on the dominance of US-based ChatGPT. Unlike its American rival, the Chinese model is freely available without a subscription, and swiftly became the most downloaded app on Apple's and Google's stores in nearly 60 countries. On top of that, it is said to be far less expensive to run compared to ChatGPT. Back in March, researchers from the University of Science and Technology of China (USTC) unveiled a new superconducting quantum computing prototype, which is said to be a million times faster than Google's top quantum processors. The Chinese chip, named Zuchongzhi-3, is also a quadrillion times more efficient than any conventionally built supercomputer, according to its developers. In February, the newspaper Mint, citing Indian officials, claimed that New Delhi was developing its own artificial intelligence chip from scratch, with a view to reducing the country's dependence on Western tech companies by 2027.
