The acquirer consortium, led by BCP Asia II Holdco VII Pte. Ltd. and associated Persons Acting in Concert (PACs), has substantially increased its holding in Aadhar Housing Finance Limited. The acquisition, executed via an “off-market” purchase on 25 February 2026, involved acquiring 28.20 crore shares. This transaction pushed the total shareholding to 65.19% of the total voting capital following the acquisition, moving beyond the regulatory threshold.
Details of the Acquirers and Target
The disclosure pertains to the substantial acquisition of voting rights in Aadhar Housing Finance Limited (the Target Company). The primary acquirer is BCP Asia II Holdco VII Pte. Ltd., acting in concert with two Persons Acting in Concert (PACs): Blackstone Capital Partners (CYM) IX AIV – F L.P. and Blackstone Capital Partners Asia II L.P. The acquirer confirms belonging to the Promoter/Promoter group, and the TC’s shares are listed on the BSE Limited and the National Stock Exchange of India Limited.
Pre-Acquisition Shareholding Position
Before the current transaction, the total holding of the acquirer group, inclusive of PACs, stood at 7,36,706 shares, representing 0.17% of the total voting capital of the TC. This initial holding comprised only shares carrying voting rights, with no holdings reported under encumbrance or warrants.
Details of the Acquisition Transaction
The acquisition involved purchasing a significant number of shares carrying voting rights:
- Shares carrying voting rights acquired: 28,20,52,121.
- This represented an acquisition of 65.02% of the existing share capital and 63.37% of the total diluted share capital (before the post-transaction dilution noted below).
- The mode of acquisition was explicitly stated as an “off-market” purchase.
- The acquisition date (or date of receipt of intimation) was 25 February 2026.
- The acquired securities are Equity shares carrying voting rights.
Post-Acquisition Shareholding Structure
Following the acquisition, the total holding of the acquirer along with PACs is detailed as follows:
- Shares carrying voting rights: 28,27,88,827, which equates to 65.19% of the total share capital and 63.54% of the total diluted capital.
- Shares in the nature of encumbrance remained at 11,27,87,041 (representing 26%).
Capital Structure Impact
The transaction resulted in changes to the public shareholding metrics of Aadhar Housing Finance Limited:
- Equity share capital / total voting capital before acquisition: 43,37,96,312 equity shares (as per the pattern disclosed on 31 December 2025).
- Equity share capital / total voting capital after acquisition: Remained 43,37,96,312 equity shares (as per the pattern disclosed on 31 December 2025).
- Total diluted share/voting capital after the said acquisition: Increased to 44,50,84,486 equity shares (as per the pattern disclosed on 31 December 2025), reflecting the difference between the acquired shares and the pre-existing encumbered shares now consolidated into the main holding figures.
Authorization Details
The disclosure was authorized by Yiming Sun, Director, signing on behalf of BCP Asia II Holdco VII Pte. Ltd. in Singapore on 26 February 2026. Signatories for the PACs, Robert Brooks (Authorized Signatory), also attested the document on the same date from the United States of America.
Source: BSE
