Aadhar Housing Finance Limited has received approval from the Reserve Bank of India for acquisition transactions that were announced in July 2025. The RBI communicated its approval on January 14, 2026, marking a significant regulatory milestone for the proposed acquisition involving Blackstone-affiliated entities.

Transaction Details and Timeline

The approved transactions stem from multiple agreements announced in July 2025. The primary transaction involves BCP Asia II Holdco VII Pte. Ltd., along with Blackstone Capital Partners (CYM) IX AIV - F L.P. and Blackstone Capital Partners Asia II L.P., making an open offer to public shareholders of Aadhar Housing Finance Limited.

Share Purchase Agreements

Two separate share purchase agreements form the core of these transactions. The first agreement, dated July 25, 2025, is between BCP Topco VII Pte. Ltd. (the seller and promoter of Aadhar Housing Finance Limited) and BCP Asia II Holdco VII Pte. Ltd. (the acquirer). Under this agreement, the acquirer will purchase up to 28,20,52,121 equity shares from the seller.

The second agreement, executed on July 29, 2025, involves BCP Topco VII Pte. Ltd. and AXDI LDII SPV 1 LTD. This transaction covers the acquisition of 44,139,236 equity shares of the target company by AXDI LDII SPV 1 LTD.

Regulatory Approvals Progress

The acquisition has been progressing through various regulatory approval stages. The Competition Commission of India granted its approval for the transactions on November 8, 2025. With the RBI approval now secured, the acquisition has cleared major regulatory hurdles required for completion.

Compliance and Disclosure

The transactions are being conducted in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. JM Financial Limited is managing the open offer process on behalf of the acquiring entities. The company has maintained transparency by providing regular updates under Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.

The regulatory intimation was signed by Harshada Pathak, Company Secretary and Compliance Officer, and has been communicated to both BSE Limited and National Stock Exchange of India Limited. The information is also available on the company's official website for stakeholder access.

Aadhar Housing Finance Limited has filed its quarterly compliance certificate with BSE Limited, confirming that the company did not issue any Commercial Paper during the quarter ended December 31, 2025. The certificate was submitted on January 6, 2026, as part of the company's regulatory obligations under SEBI guidelines.

Quarterly Compliance Declaration

The certificate, signed by Chief Financial Officer Rajesh Viswanathan, addresses the company's Commercial Paper activities for Q3FY26. The filing specifically references SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025, which outlines the regulatory framework for Commercial Paper issuances and related compliance requirements.

Regulatory Adherence

Beyond confirming the absence of new Commercial Paper issuances, the company has certified its adherence to all listing conditions pertaining to outstanding Commercial Papers. This compliance statement ensures that Aadhar Housing Finance Limited maintains its regulatory standing with respect to existing debt instruments and follows prescribed guidelines for transparency and disclosure.

Corporate Information

The filing was submitted to BSE Limited's Listing Corporate Relationship Department, with the company identified under BSE codes 10844 and 11302. Aadhar Housing Finance Limited operates with its corporate office located in Mumbai and registered office in Bengaluru, maintaining its commitment to regulatory compliance across its operational jurisdictions.

This quarterly certificate filing represents part of the company's ongoing regulatory obligations, ensuring stakeholders remain informed about the company's Commercial Paper activities and compliance status with securities market regulations.