NEW DELHI: The Competition Commission of India (CCI) has approved the proposal from Blackstone’s subsidiary to acquire up to 80.15% stake in Aadhar Housing Finance Ltd.
Blackstone, through its arm BCP Asia II Holdco VII Pte Ltd, is set to acquire the 80.15% stake in Aadhar Housing Finance Ltd (AHFL).
The CCI’s release stated: “The proposed combination involves the acquisition of up to 80.15% shareholding in Aadhar Housing Finance Ltd (target/AHFL) by BCP Asia II Holdco VII Pte. Ltd (acquirer/BCP Asia) via a secondary acquisition and an open offer to the public shareholders of the target.”
Aadhar Housing Finance Ltd specializes in providing home loans and loans against property across India. It is also registered as a corporate agent with the Insurance Regulatory & Development Authority of India, offering life and general insurance products.
The CCI confirmed the approval of the proposed acquisition of up to 80.15% shareholding of Aadhar Housing Finance Ltd by BCP Asia II Holdco VII Pte Ltd in a post on X.
PTI
