CCI Approves AXDI LDII SPV's 10% Stake Acquisition in Aadhar Housing Finance

The Competition Commission of India (CCI) has approved the acquisition of a 10.04% shareholding in Aadhar Housing Finance by AXDI LDII SPV 1, a special-purpose vehicle incorporated in the Abu Dhabi Global Market. This approval marks a significant step in the financial restructuring of Aadhar Housing Finance, a prominent player in the Indian real estate finance sector.

The proposed transaction involves AXDI LDII SPV 1 acquiring the stake on a fully diluted basis from BCP Topco VII, as detailed in the regulator’s approval order. This move is expected to strengthen Aadhar Housing Finance’s capital base and enhance its operational capabilities, thereby contributing to the growth of the real estate finance market in India.

Separately, an open offer for equity shares of Aadhar Housing Finance was launched under the SEBI (substantial acquisition of shares and takeovers) Regulations, 2011, by BCP Asia II Holdco VII, along with Blackstone Capital Partners (CYM) IX AIV–F L.P. and Blackstone Capital Partners Asia II L.P., acting in concert. This open offer was designed to ensure compliance with regulatory requirements and to provide existing shareholders with the opportunity to tender their shares.

As per disclosures made to stock exchanges, no equity shares were tendered in the open offer as of February 3, 2026, with zero shares credited to the designated escrow demat account maintained for the offer. This indicates that the current shareholders of Aadhar Housing Finance have chosen not to participate in the open offer, possibly due to the favorable market conditions and the company’s strong financial performance.

The acquisition and the open offer are part of a broader strategy to enhance the company’s market position and to align with the regulatory framework set by the CCI and SEBI. Aadhar Housing Finance, known for its robust portfolio of housing finance products and services, is expected to benefit from the influx of capital and the strategic partnership with AXDI LDII SPV 1.

This development is particularly significant in the context of the Indian real estate sector, which has been witnessing a gradual recovery and growth. The approval by the CCI and the subsequent actions by the stakeholders highlight the confidence of international investors in the Indian market and the potential for further investments in the real estate finance domain.

In conclusion, the CCI’s approval of AXDI LDII SPV 1’s acquisition of a 10.04% stake in Aadhar Housing Finance is a positive development for both the company and the broader real estate finance sector. It underscores the ongoing efforts to streamline regulatory processes and to foster a conducive environment for investment and growth.