The Reserve Bank of India has given Aadhar Housing Finance Limited permission to purchase BCP Asia II Holdco VII Pte. Ltd. and associated Blackstone companies.
RBI Approval for Share Purchase Agreements
On January 14, 2026, the RBI approved share purchase agreements for up to 28,20,52,121 equity shares and an additional 44,139,236 shares by AXDI LDII SPV 1 LTD. In November 2025, the Competition Commission of India accepted these agreements, which was a major step forward in the planned acquisition’s regulatory clearance procedure.
The Reserve Bank of India has approved purchase deals announced in July 2025 for Aadhar Housing Finance Limited. On January 14, 2026, the RBI announced its clearance, which was a major regulatory milestone for the planned merger involving Blackstone-affiliated companies.
Background of the Transactions
Several agreements announced in July 2025 are the source of the authorized trades. In the main deal, BCP Asia II Holdco VII Pte. Ltd., Blackstone Capital Partners (CYM) IX AIV-F L.P., and Blackstone Capital Partners Asia II L.P. make an open offer to Aadhar Housing Finance Limited’s public shareholders.
These transactions are based on two distinct share purchase agreements. Aadhar Housing Finance Limited’s seller and promoter, BCP Topco VII Pte. Ltd., and the purchaser, BCP Asia II Holdco VII Pte. Ltd., signed the initial agreement on July 25, 2025. The acquirer will buy up to 28,20,52,121 equity shares from the seller under this agreement.
On July 29, 2025, BCP Topco VII Pte. Ltd. and AXDI LDII SPV 1 LTD finalized the second agreement. In this transaction, AXDI LDII SPV 1 LTD purchases 44,139,236 equity shares of the target firm.
🏦 Aadhar Housing Finance Acquisition Highlights
- RBI Approval Date: January 14, 2026
- Total Shares: 28,20,52,121 + 44,139,236 shares
- Acquiring Entities: BCP Asia II Holdco VII Pte. Ltd., Blackstone Capital Partners
- CCI Approval: November 8, 2025
- Open Offer Manager: JM Financial Limited
Regulatory Clearance
The transaction has been moving through several phases of regulatory clearance. On November 8, 2025, the Indian Competition Commission approved the deals. Now that the RBI has given its clearance, the purchase has passed all significant regulatory requirements.
The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 are being followed in these deals. On behalf of the purchasing firms, JM Financial Limited is overseeing the open offer procedure. By releasing frequent updates in accordance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, the firm has upheld transparency.
Both BSE Limited and National Stock Exchange of India Limited have received the regulatory notification, which was signed by Harshada Pathak, Company Secretary and Compliance Officer. Stakeholders may also view the information on the company’s official website.
📊 Key Transaction Details
- First Agreement: July 25, 2025 – 28,20,52,121 shares
- Second Agreement: July 29, 2025 – 44,139,236 shares
- Acquirers: Blackstone-affiliated entities
- Compliance: SEBI Regulations, CCI & RBI approvals
- Open Offer: Managed by JM Financial Limited
Frequently Asked Questions
1. In this deal, who are the acquirers?
BCP Asia II Holdco VII Pte. Ltd., Blackstone Capital Partners (CYM) IX AIV-F L.P., and Blackstone Capital Partners Asia II L.P. are the principal acquirers.
2. What is the total number of shares being purchased?
AXDI LDII SPV 1 LTD is acquiring 44,139,236 shares and 28,20,52,121 shares under the main agreement.
3. Has the purchase gotten all required approvals?
Indeed. The merger received permission from the Competition Commission of India (CCI) in November 2025 and the RBI on January 14, 2026.
4. Who is in charge of the open offer procedure?
On behalf of the purchasing firms, JM Financial Limited is in charge of overseeing the open offer.
5. Where may interested parties find out about the acquisition?
The National Stock Exchange of India and BSE Limited have been informed, and information is accessible on the company’s official website.
Conclusion
The purchase of Aadhar Housing Finance Limited by Blackstone-affiliated firms has reached a significant regulatory milestone with both RBI and CCI clearances obtained. The transactions provide transparency and appropriate governance since they completely comply with SEBI laws.
This permission makes it possible to successfully complete one of the biggest acquisitions in the home finance industry in recent memory.
Disclaimer: This content is for informational purposes only and does not constitute financial, investment, or legal advice. Readers should conduct their own research or consult a professional before making any decisions.
