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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