India: Blackstone's plan to raise $770m from Aadhar Housing IPO stuck over Sebi nod

India: Blackstone's plan to raise $770m from Aadhar Housing IPO stuck over Sebi nod

Birds rest on the logo of the Securities and Exchange Board of India (SEBI). REUTERS/Shailesh Andrade/Files

Blackstone Inc.’s plan to raise 5,800 crore ($770 million) by paring its controlling stake in Aadhar Housing Finance is grounded with the affordable housing finance company unable to secure the market regulator’s approval for a public listing for nearly nine months.

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