The Competition Commission of India (CCI) has approved the acquisition of certain shareholding of Aadhar Housing Finance Limited, the target, by AXDI LDII SPV 1 LTD, the acquirer, in an order issued on three February 2026. The approval follows a review of the proposed combination under the merger control regime and clears the transaction subject to the terms set out by the Commission. The announcement was made through a press release by the Commission.

The proposed combination involves the acquisition of 10.04 per cent shareholding on a fully diluted basis in the target by the acquirer from BCP Topco VII Pte. Ltd, the seller. The shareholding percentage is reported on a fully diluted basis and relates to equity interest in the company. The merger filing included information on market structure and the parties' operations, which the Commission examined as part of its review.

AXDI LDII SPV 1 LTD, the acquirer, is a special-purpose vehicle incorporated in the Abu Dhabi Global Market. Aadhar Housing Finance Limited, the target, is a public limited company listed on BSE Limited and the National Stock Exchange of India Limited and is registered as a housing finance company with the National Housing Bank. The acquirer was described in the filing as an entity created to hold the investment on behalf of its shareholders.

The target is also registered with the Insurance Regulatory Development Authority of India as a corporate agent and is engaged in insurance distribution. The Commission indicated that a detailed order will follow and that any procedural steps will be communicated in due course. Market observers will watch for the detailed order and any conditions. Stakeholders and market participants will be able to refer to the formal order when it is published.