Mumbai, February 16, 2026 – JM Financial Limited (BSE: 523405, NSE: JMFINANC) has disclosed that 7,36,706 fully paid-up equity shares of Aadhar Housing Finance Limited have been tendered in the ongoing open offer by BCP Asia II Holdco VII Pte. Ltd., along with persons acting in concert.
The shares tendered so far represent 0.65% of the total offer size, as of February 13, 2026, according to the escrow demat account statement.
Open Offer Update: Shares Tendered So Far
The disclosure states that the shares have been credited to the designated Open Offer Escrow Demat Account maintained for the transaction.Open Offer Tender Status
| Particulars | Details |
|---|---|
| Equity Shares Tendered | 7,36,706 shares |
| Percentage of Offer Size | 0.65% |
| Cut-off Date for Disclosure | February 13, 2026 |
| Escrow Demat Account Name | MIIPL AADHAR HOUSING FINANCE OPEN OFFER ESCROW DEMAT ACCOUNT |
| Depository Participant ID | IN303116 |
| Client ID | 15663312 |
The disclosure clarifies that the number reflects shares tendered in dematerialized form by public shareholders and credited to the escrow demat account.
Subject to Validation and Final Acceptance
The company further stated that the shares tendered will be subject to validation and verification of documents as required under the terms of the open offer. The final number of shares accepted may differ from the number tendered.Acceptance of validly tendered shares will be carried out in accordance with the terms outlined in the Letter of Offer dated January 24, 2026.
Transaction Overview
The open offer pertains to fully paid-up equity shares of face value ₹10 each of Aadhar Housing Finance Limited. The acquirer, BCP Asia II Holdco VII Pte. Ltd., is undertaking the offer along with Blackstone Capital Partners (CYM) IX AIV - F L.P. and Blackstone Capital Partners Asia II L.P., acting in concert.The disclosure was signed by Nikhil Panjwani, Executive Director, JM Financial Limited, in its capacity related to the open offer process .
About JM Financial Limited
JM Financial Limited is a diversified financial services group listed on BSE and NSE. The company provides services across investment banking, wealth management, asset management, lending, and securities broking. It operates through multiple subsidiaries and continues to play a key role in capital market transactions in India.The open offer process will continue as per the stipulated timeline, with further updates expected upon completion of the tendering and verification process.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.