The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on April ....
AADHARHFC · price
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Promoter BCP Asia II Holdco VII Pte. Ltd. (Blackstone entity) has created a non-disposal undertaking over its entire holding of 282.79 million shares (65.19% of total share capital) in favour of National Housing Bank. The undertaking dated 7 April 2026 restricts BCP Asia from transferring, disposing of, or encumbering its shares without NHB's permission, ensuring holding does not fall below 26% as long as Aadhar Housing has outstanding dues to NHB. This encumbrance was a condition for NHB providing refinance assistance to Aadhar Housing for its housing loan portfolio. The value of encumbered shares is approximately Rs. 12,874 crore based on the share price of Rs. 455.25. No other promoter group entities hold shares in the company.
The entire promoter stake is now subject to a non-disposal restriction with NHB, meaning the promoter cannot reduce its 65% holding without regulatory approval. This is a standard refinancing condition and is not immediately negative, but it does limit promoter flexibility and signals the company relies on NHB refinancing for its lending operations.