JM Financial Limited has submitted to the Exchange a copy of open offer.
AADHARHFC · price
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Awaiting price reaction for this filing.
JM Financial, acting as Manager to the Open Offer, has disclosed that only 2,27,004 equity shares (0.20% of the total Offer Size) of Aadhar Housing Finance have been tendered by public shareholders into the open offer escrow account as of 12 February 2026. The open offer is being made by BCP Asia II Holdco VII Pte. Ltd. (a Blackstone entity), along with two Blackstone-affiliated Persons Acting in Concert (PACs), under SEBI Takeover Regulations. The Letter of Offer was dated 24 January 2026. The tendered shares are subject to validation and may differ from the final number accepted by the acquirer.
The very low tendering (just 0.20% of offer size) suggests public shareholders are largely not finding the open offer price attractive, which typically signals the market values the stock above the offer price. For existing shareholders, this means the open offer is unlikely to be fully subscribed and the stock is likely to continue trading at market-driven levels post-offer.