Mumbai, January 27, 2026 – A Blackstone-backed investment vehicle has initiated a major open offer to acquire a significant stake in Aadhar Housing Finance Limited, marking a key step in a promoter transition at the listed affordable housing lender.
Open Offer Details
The open offer is being made to acquire up to 11.35 crore equity shares, representing 25.82 percent of Aadhar Housing Finance’s expanded voting share capital. The offer price has been fixed at ₹469.97 per share, along with an additional ₹2.71 per share as interest due to a revised transaction timeline, taking the total consideration to ₹472.68 per share.If fully subscribed, the transaction will entail a total outlay of approximately ₹5,366 crore, including interest.
Acquirer and Transaction Structure
The offer is being led by BCP Asia II Holdco VII Pte. Ltd., along with affiliated Blackstone funds acting in concert. The open offer follows an earlier agreement under which the acquirer will purchase a controlling stake from the existing promoter group.Upon completion of both the promoter stake purchase and the open offer, the acquirer is expected to hold up to 75 percent of the company’s equity, while the existing promoter group’s holding will reduce to below 10 percent, resulting in their reclassification as public shareholders.
Timeline and Key Dates
- Offer opens: February 2, 2026
- Offer closes: February 13, 2026
- Payment to shareholders: On or before February 18, 2026
Aadhar Housing Finance: Business Snapshot
Aadhar Housing Finance operates in the affordable housing segment, primarily catering to lower-income households across semi-urban and rural markets. The company has shown steady growth in recent years, supported by expanding loan assets and improving profitability.Financial Performance Highlights
| Particulars | FY25 | FY24 |
|---|---|---|
| Total income (₹ crore) | 3,109 | 2,587 |
| Profit after tax (₹ crore) | 912 | 750 |
| Net worth (₹ crore) | 6,372 | 4,450 |
| Book value per share (₹) | 147.72 | 112.72 |
About the Company
Aadhar Housing Finance Limited is a listed housing finance company with equity shares traded on Indian stock exchanges. It focuses on providing home loans to underserved and low-income segments, with a pan-India presence and a strong footprint in affordable housing markets.Source:
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