Blackstone Group Backed Entity Announces Open Offer to Purchase 25.82% Public Stake in Aadhar Housing Finance at ₹472.68 Per Share

Aadhar Housing Finance Limited has announced a mandatory open offer following a change-in-control transaction involving the Blackstone Group. The open offer is being made by BCP Asia II Holdco VII Pte. Ltd., an entity backed by Blackstone, along with persons acting in concert, in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations.

The Blackstone Group-backed acquirer has proposed to purchase up to 11,35,25,761 fully paid-up equity shares of Aadhar Housing Finance at an offer price of ₹469.97 per share. Due to a regulatory delay in payment timelines, eligible shareholders will also receive applicable interest of ₹2.71 per share, taking the total effective consideration to ₹472.68 per share. The open offer accounts for 25.82% of the company’s expanded voting share capital.

The tendering period for the Blackstone-led open offer will open on February 2, 2026, and close on February 13, 2026. Payments to shareholders whose shares are validly tendered and accepted are scheduled to be completed by February 18, 2026. The open offer is unconditional and is not subject to any minimum acceptance level, as permitted under SEBI takeover regulations.

The open offer follows a share purchase agreement under which the Blackstone Group, through its investment vehicles, will acquire up to 64.14% of Aadhar Housing Finance’s expanded voting share capital from the existing promoter entity. Upon completion of the transaction, Blackstone will assume control of Aadhar Housing Finance, while the current promoter group will be reclassified as public shareholders in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations.