Aadhar Housing Finance Limited has announced that its promoter, BCP Asia II Holdco VII Pte. Ltd., has entered into a non-disposal undertaking regarding its shareholding. This agreement, effective 7 April 2026, ensures that the promoter’s stake in the company will not fall below 26% while refinancing assistance from the National Housing Bank remains outstanding. The promoter currently holds 65.19% of the total equity share capital of the company.
Details of the Encumbrance Agreement
On 7 April 2026, BCP Asia II Holdco VII Pte. Ltd. formally committed to a non-disposal undertaking in favor of the National Housing Bank (NHB). Under the terms of this arrangement, the promoter is restricted from transferring, pledging, or encumbering its shares in a manner that would reduce its holding below the 26% threshold of the total share capital of Aadhar Housing Finance Limited. This commitment remains in force as long as there are outstanding dues related to refinance assistance provided by the NHB to the company.
Promoter Shareholding Overview
The promoter entity, BCP Asia II Holdco VII Pte. Ltd., continues to maintain a significant controlling stake in the company. As of the reporting date, it holds 282,788,827 equity shares, which represents 65.19% of the total equity share capital. The total value of these shares, based on the volume-weighted average price as of 7 April 2026, is approximately Rs. 128,739,613,491.
Rationale for the Arrangement
The creation of this non-disposal undertaking is linked to the broader financial relationship between the company and the National Housing Bank. This arrangement serves as a form of security for the financial assistance granted by the NHB, which is earmarked for the purpose of refinancing housing loans provided by the company to its constituents. This ensures long-term stability and continued alignment between the promoter’s stake and the company’s financing obligations.
Source: BSE
