US-based funding agency Blackstone via its arm BCP Asia II Holdco VII Pte Ltd is buying 80.15 per cent stake in Aadhar Housing Finance Ltd (AHFL).
“The proposed mixture entails the acquisition of as much as 80.15 per cent shareholding in Aadhar Housing Finance Ltd (goal/AHFL) by BCP Asia II Holdco VII Pte. Ltd (acquirer /BCP Asia) by the use of a secondary acquisition and an open supply to the general public shareholders of the goal,” the regulator mentioned in a launch.
Aadhar Housing Finance Ltd is engaged within the provision of dwelling loans/housing finance and loans in opposition to property in India. It’s also registered as a company agent (Composite) with the Insurance coverage Regulatory & Growth Authority of India and distributes life and basic insurance coverage merchandise.
CCI approves the proposed acquisition of as much as 80.15 per cent shareholding of Aadhar Housing Finance Ltd by BCP Asia II Holdco VII Pte Ltd,” the regulator mentioned in a publish on X.
