The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on April 09, 2026 for BCP Asia II Holdco VII Pte Ltd
AADHARHFC · price
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On the reaction day the stock moved 0.7 pts less than Nifty Smallcap 250 and 0.7 pts less than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter BCP Asia II Holdco VII Pte. Ltd., part of the Blackstone group and holder of 28.27 crore equity shares (65.19% of Aadhar Housing Finance), has executed a non-disposal undertaking (NDU) in favor of the National Housing Bank (NHB). Under this undertaking dated 7 April 2026, BCP Asia has agreed not to transfer, pledge, or encumber its shares to the extent that its holding would fall below 26% of total share capital, for as long as any refinance dues from NHB remain outstanding. The encumbrance covers the promoter's full 65.19% stake, valued at approximately Rs. 1,287.4 crore based on a VWAP of Rs. 455.25 per share. The reason cited is NHB's refinance assistance to Aadhar for on-lending toward housing loans. No actual shares have been pledged or sold — this is a restriction on future disposal, not a transfer of shares.
No shares have changed hands and this is not a promoter exit; it is a standard condition imposed by NHB for providing refinance to housing finance companies. Shareholders need not be alarmed, though the undertaking does restrict the promoter's flexibility to reduce its stake below 26% while NHB dues are outstanding. Minimal direct impact on stock price is expected.