CCI Approves AXDI LDII SPV’s 10% Stake in Aadhar Housing
NEW DELHI: The Competition Commission of India (CCI) has sanctioned AXDI LDII SPV 1’s acquisition of a 10.04% stake in Aadhar Housing Finance. This special-purpose vehicle is established in the Abu Dhabi Global Market. The transaction entails AXDI LDII SPV 1 obtaining the stake on a fully diluted basis from BCP Topco VII, as outlined in the regulator’s approval order. In addition, an open offer for equity shares of Aadhar Housing Finance was initiated in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This offer was made by BCP Asia II Holdco VII, in collaboration with…