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Announced

2 Aug 2023

BlackRock to acquire Poonawalla Housing Company from Poonawalla Fincorp.

Synopsis

BlackRock, an investment management corporation, agreed to acquire Poonawalla Housing Company, a housing finance company, from Poonawalla Fincorp, a company that offers a customized suite of transparent, quick, and hassle-free Loan offerings and Insurance. Financial terms were not disclosed.

Principals

target

Poonawalla Fincorp (housing Finance Unit)

bidder

BLACKROCK

Show Details & Financials

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Market Context

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Seller Team (2)

manish jaiswal

Managing Director and CEO at POONAWALLA FINCORP (HOUSING FINANCE UNIT)

Manager

target

Deals

£ 384 M

Total Value

pankaj rathi

Finance Professional at POONAWALLA FINCORP (HOUSING FINANCE UNIT)

Manager

target

Deals

£ 384 M

Total Value

Bidder Team (2)

larry fink

CEO at BLACKROCK

Investor

bidder

Deals

£ 2.64 B

Total Value

amit kataria

Partner at King & Spalding

Lawyer

bidder

Deals

£ 1.29 B

Total Value

Vendor Team (2)

sanjay miranka

CFO at POONAWALLA FINCORP

Manager

vendor

Deal

n/a

Total Value

adar poonawalla

Chairman at POONAWALLA FINCORP

Manager

vendor

Deals

£ 862 M

Total Value

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