CCI Greenlights Blackstone’s 80.15% Stake Buy in Aadhar Housing Finance: A Game-Changer for Affordable Housing

Strategic Acquisition: Blackstone affiliate BCP Asia II Holdco VII Pte. Ltd. will acquire the stake through a combination of secondary purchase and open offer.
No Change in Control: Despite the large stake, Blackstone will retain ultimate control of AHFL both before and after the transaction.
Open Offer Details: The open offer targets 25.82% of AHFL&rsquo;s shares from public shareholders, aligning with SEBI regulations.
Market Reaction: AHFL shares surged to record highs following the announcement, reflecting investor confidence.
Pending Approvals: Completion of the transaction is subject to final clearances from the Reserve Bank of India and the National Housing Bank.

Updated: November 07, 2025 20:28

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India’s Competition Commission has approved Blackstone’s acquisition of an 80.15% stake in Aadhar Housing Finance. The deal, led by Blackstone’s affiliate BCP Asia II, involves a secondary purchase and open offer. Despite the stake increase, control remains unchanged. Final approvals from RBI and NHB are awaited.