Blackstone-Backed Aadhar Housing Finance Rises in India Debut

-- Aadhar Housing Finance Ltd. advanced as much as 9% on its first day of trade in India after an initial public offering of 30 billion rupees , the country’s second-largest this year.OpenAI Chief Scientist Ilya Sutskever Is Leaving the Company

Companies that started trading on Indian exchanges after IPOs of at least $100 million over the past year jumped 33% in their inaugural session, according to data compiled by Bloomberg. Telecom service provider Bharti Hexacom Ltd., the country’s largest IPO in 2024, is up about 60% since its debut last month.

The company benefits from its “strong parentage and expertise and has access to funding at competitive rates,” said Pradeep Agrawal, an analyst with Systematix Shares & Stocks India Ltd. India’s favorable demographics and low penetration of mortgage business means a huge growth opportunity for companies such as Aadhar, he said.4 Stocks I Think Every Canadian Should Have in a TFSA

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Blackstone-Backed Aadhar Housing Finance Rises in India DebutAadhar Housing Finance Ltd. advanced as much as 9% on its first day of trade in India after an initial public offering of 30 billion rupees ($359 million), the country’s second-largest this year.
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Finance Minister to Present Federal Budget with Housing and Affordability MeasuresFinance Minister Chrystia Freeland is set to present the federal budget on Tuesday after a countrywide tour that teased many of the housing and affordability measures to be included in the document. The budget will include the government's plan to tackle the housing crisis and build nearly 3.9 million homes by 2031.
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