Wadhawan Global Capital sells stake in AHFL.

DHFL to also exit its stake in the company.

• Wadhawan Global Capital has agreed to sell its 70% stake in Aadhar Housing Finance Limited (AHFL) to
Blackstone.
• Dewan Housing Finance Limited, the flagship entity of the WGC Group with a minority stake in AHFL,
will also be exiting AHFL.
• The deal will significantly reduce WGC’s outstanding corporate debt.
Mumbai, February 2, 2019: Wadhawan Global Capital (WGC), the parent company of Dewan Housing Finance
Limited (DHFL), and Blackstone (NYSE:BX) today announced that private equity funds managed by Blackstone
have entered into a definitive agreement with WGC to acquire its stake in its housing finance subsidiary,
Aadhar Housing Finance Limited (AHFL). As a part of the deal, WGC will be selling the entire 70% of its stake in
the company. DHFL, which holds a 9.15% stake in AHFL, will also be exiting the company as a part of the
transaction.

Blackstone is one of the world’s leading investment firms, with $472 billion in assets under management,
including investment vehicles focused on private equity, real estate, public debt and equity, non-investment
grade credit, real assets and secondary funds, all on a global basis. It has been active in India since 2006.

Commenting on the development, Kapil Wadhawan, Chairman, WGC said, “The transaction with Blackstone is
a part of our multi-pronged strategy to reduce the corporate debt levels and strengthen our balance sheet.
The sale unlocks the latent value within the WGC Group while reinstating our immediate and long-term focus
on DHFL, the flagship company of Group.”
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Aadhar Housing Finance Limited

www.aadharhousing.com

Aadhar Housing Finance Limited (AHFL) is one of the largest housing finance companies in India servicing the
home financing needs of the low-income segment. AHFL endeavours to empower underserved millions to
own their first homes. Established in 2010, it merged with another subsidiary company of the Wadhawan
Global Capital (WGC) Group, namely DHFL Vysya Housing Finance Limited (DHFL Vysya) in November 2017.
AHFL is backed by the World Bank through the equity participation of International Finance Corporation (IFC).
Today, its branches across 19 states, help to reach more than 90% of the country’s low-income population and
provide credit solutions that make home-ownership accessible to everyone.
Wadhawan Global Capital (WGC)
www.wgcworld.com

Wadhawan Global Capital (WGC) is a leading integrated financial services group with a focus on inclusive
finance. WGC manages US$ 22 billion of assets through its businesses in lending, insurance, asset
management and wealth management. As the go-to platform for financial services, it encompasses the multi-
generational customer lifecycle. WGC is the parent company to prominent brands in India such as Dewan
Housing Finance Corporation Limited (DHFL) which is a market leader with three decades of experience in
financing affordable housing, Aadhar Housing Finance Ltd, Avanse Financial Services Ltd, DHFL Pramerica Life
Insurance Company Ltd, DHFL Pramerica Asset Managers, DHFL General Insurance Ltd, Wadhawan Wealth
Managers Pvt. Ltd. and Andromeda Sales & Distribution.
WGC has partnered with leading financial institutions such as International Finance Corporation (IFC),
Washington, Prudential Financial Inc., United States, Asian Development Bank and Korea Development Bank.
The company has a London-based wholly-owned subsidiary Wadhawan Global Capital (UK) Ltd.

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