Aadhar Housing Finance Limited has informed the Exchange about General Updates
AADHARHFC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Blackstone affiliates (BCP Asia II Holdco VII Pte. Ltd. as Acquirer, along with two PACs from BCP IX and BCP Asia II funds) have signed a Share Purchase Agreement to buy up to 64.14% of Aadhar Housing Finance from existing promoter BCP Topco VII Pte. Ltd. at up to ₹425 per share. As this triggers SEBI takeover rules, a mandatory open offer has been announced for up to 11,35,25,761 shares (25.82% of expanded voting capital) from public shareholders at ₹469.97 per share, worth about ₹5,335 crore in total. The current promoter (BCP Topco VII, from Blackstone's BCP VII/BCP Asia funds) will be reclassified as public after the deal, and the Acquirer will become the new promoter. The deal is subject to RBI, Competition Commission of India, and other approvals. There is no intention to delist the company.
This is a significant change of control event — Blackstone is essentially reshuffling its housing finance bet from one set of funds to another. Public shareholders get a clear exit opportunity at ₹469.97 per share in cash, which is above the floor price. Near-term, the stock may trade closer to the offer price; the deal also reduces uncertainty around future ownership.