Aadhar Housing Finance announced the finalization of the ‘Blackstone Acquisition’ and ‘AXDI Acquisition’ effective February 26, 2026. The Acquirer, BCP Asia II Holdco VII Pte. Ltd., has acquired a total of 28,20,52,121 shares from the Seller at ₹425.00 per share. Following these transactions, the previous promoter group has ceased its promoter status, and the Acquirer has assumed control and been classified as the new ‘Promoter’ of the Company.
Completion of Major Share Purchase Agreements
Aadhar Housing Finance Limited has issued a formal disclosure regarding the culmination of significant ownership changes involving its promoter entities. These changes are collectively referred to as the “Blackstone Acquisition”.
Key Components of the Acquisition
- The Acquirer, BCP Asia II Holdco VII Pte. Ltd., acquired 7,36,706 equity shares pursuant to an open offer announced previously.
- Under the terms of the Share Purchase Agreement (SPA) dated July 25, 2025, the Acquirer purchased 28,20,52,121 equity shares directly from the Seller (BCP Topco VII Pte. Ltd.) at a fixed price of ₹425.00 per equity share on February 25, 2026.
As a result of the Blackstone Acquisition, the Acquirer currently holds a total of 28,27,88,827 equity shares in the Company.
Additional Share Acquisition by AXDI Entity
Separately, the disclosure noted a transaction classified as the “AXDI Acquisition”. Pursuant to a separate share purchase agreement dated July 29, 2025, AXDI LDII SPV 1 LTD acquired an additional 44,139,236 equity shares on February 26, 2026. AXDI is formally classified as a public shareholder.
Change in Promoter Status
The announcement confirms a critical change in control effective from February 26, 2026:
- The Seller and the former promoter group (including BCP Asia (SG) Holdings Co. Pte Ltd. and Singapore VII Holding Co. Pte. Ltd.) have ceased to be the ‘promoter’ and members of the ‘promoter group’ as they are no longer in control of the Company.
- Following the consummation of the Blackstone Acquisition, the Acquirer has acquired control and has been officially classified as a ‘Promoter’ of Aadhar Housing Finance Limited.
Source: BSE
