Aadhar Housing promoters conclude share purchase agreements; control changes
This story was originally published at 20:32 IST on 26 February 2026
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--Aadhar Housing:Promoter sold 282 mln shrs for INR 425/shr to Blackstone arm
--Aadhar Housing: AXDI SPV bought 44.14 mln shrs from promoter BCP Topco Thu
--Aadhar Housing: Blackstone-arm BCP Asia II Holdco VI now promoter of co
--Aadhar Housing: Blackstone-arm BCP Asia II Holdco VI has control of co
--Aadhar Housing: BCP Asia Holdings no longer promoter of co
--Aadhar Housing: Singapore VII Holding no longer part of promoter group
NEW DELHI – Singapore-based BCP Topco VII Pte. Ltd. ceded control of Aadhar Housing Finance Ltd. to another Blackstone investment arm at the conclusion of two share purchase agreements this week. With this, control of the domestic housing financier will shift to BCP Asia II Holdco VII Pte. Ltd. and the current promoter group will become public shareholders.
"...the Seller and the current promoter group (i.e. BCP Asia (SG) Holdings Co. Pte Ltd. and Singapore VII Holding Co. Pte. Ltd.) have ceased to be the 'promoter' and members of the 'promoter group' of the Company and are not in control of the Company," Aadhar Housing Finance said in an exchange filing. "Further, pursuant to consummation of the Blackstone Acquisition, the Acquirer has acquired control of the Company and has been classified as a 'Promoter' of the Company with effect from February 26, 2026."
The parties had entered into the agreements in July. The erstwhile promoter sold 282 million shares of the company as part of the agreement Wednesday, representing a stake of around 65%, to BCP Asia II Holdco VII for INR 425 per share, the upper end of the price band agreed to earlier. Further, Abu Dhabi-based AXDI LDII SPV 1 LTD bought 44.14 million shares of the company from BCP Topco VII Thursday, picking up 10.04% stake and becoming a public shareholder, as per the filing.
Earlier this month, BCP Asia II Holdco VII had bought 736,706 shares of Aadhar Finance through an open offer. Both the acquiring foreign investor groups had received regulatory clearance, including from the Competition Commission of India. In a separate release, BCP Topco VII--which held 75.19% in the housing financier before the transaction--said its intent was to cease to be a promoter of the listed entity.
For the December quarter, Aadhar Housing had reported a 17% year-on-year rise in its consolidated net profit to INR 2.81 bllion. Thursday, its shares closed almost 4% higher at INR 475.20 on the National Stock Exchange. End
Reported by Aaryan Khanna
Edited by Rajeev Pai
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