Aadhar Housing Finance Limited confirmed the publication of its Post-Offer Advertisement regarding the Open Offer initiated by BCP Asia II Holdco VII Pte. Ltd. and its concert parties. The advertisement, dated February 18, 2026, details the final outcomes of the mandatory tender offer. The Open Offer, which aimed to acquire up to 25.82% of the Expanded Voting Share Capital, closed on February 13, 2026, with consideration payment scheduled for February 18, 2026.
Open Offer Final Disclosure
Aadhar Housing Finance Limited issued a formal communication on February 19, 2026, confirming the submission of the Post-Offer Advertisement related to the mandatory Open Offer. This action complies with regulations concerning the substantial acquisition of shares and takeovers.
The Open Offer was made by BCP Asia II Holdco VII Pte. Ltd. (the Acquirer), along with Blackstone Capital Partners (CYM) IX AIV – F L.P. (PAC 1) and Blackstone Capital Partners Asia II L.P. (PAC 2), who are acting in concert.
Offer Timeline and Pricing Details
Key dates associated with the Open Offer, as detailed in the public advertisement managed by JM Financial Limited, were as follows:
- Offer Opening Date: Monday, February 2, 2026
- Offer Closure Date: Friday, February 13, 2026
- Consideration Payment Date: Wednesday, February 18, 2026
The final Offer Price per Equity Share was set at ₹472.68, which aggregates the initial Offer Price of ₹469.97 plus an Applicable Interest of ₹2.71 per Equity Share.
Acquisition Outcome Summary
The Post-Offer Advertisement provided a comparison between the initial proposal and the actual acquisitions:
- Shares Tendered and Accepted: Although the initial offer sought up to 11,35,25,761 shares (representing 25.82% of Expanded Voting Share Capital), the actual number of shares accepted was significantly lower at 7,36,706 shares, equating to 0.17% of the Expanded Voting Share Capital.
- Total Consideration: The final size of the acquisition based on accepted shares amounted to ₹34,82,26,193.
Post-Offer Shareholding Structure
The disclosure meticulously outlined the resulting shareholding structure:
- Pre-Offer Shareholding (Acquirer/PACs): Nil (0.00%) of Expanded Voting Share Capital.
- Post-Offer Shareholding (Acquirer/PACs): The combined holding is expected to reach 15,69,28,291 shares, representing 35.69% of the Expanded Voting Share Capital, assuming full acceptance of shares agreed upon in separate agreements.
- Public Shareholding Post-Offer: The remaining public shareholding is projected to be 11,35,25,761 shares, or 25.82%, when considering the assumptions detailed in the offer letter.
Further Compliance
The company noted that this information is also being hosted on the company’s official website for public access, ensuring compliance with disclosure mandates.
Source: BSE
