Aadhar Housing Finance Limited has informed the Exchange about General Updates
AADHARHFC · price
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Aadhar Housing Finance's current promoter, BCP Topco VII Pte. Ltd., has signed a share purchase agreement to sell up to 28,20,52,121 equity shares (64.14% of expanded voting share capital) to BCP Asia II Holdco VII Pte. Ltd. at a price not exceeding Rs. 425 per share. This transaction will trigger an open offer under SEBI Takeover Regulations, and the Acquirer will become the new promoter of the company, resulting in a complete change of control. The deal is subject to approvals from the RBI (for change of control of the housing finance company), Competition Commission of India, National Housing Bank, and certain lenders. Closing must happen within 15 months from the SPA date, otherwise the agreement will automatically terminate. The acquirer currently has no relationship with the company and is not part of the existing promoter group.
This is a major change-of-control event — a new foreign sponsor (BCP Asia II Holdco VII Pte. Ltd.) will replace the existing promoter. Shareholders should watch for the subsequent open offer announcement, which will likely be at or near the Rs. 425 ceiling price. Near-term stock movement could be significant as the market digests the new sponsor, regulatory approvals, and open offer terms.