The Competition Commission of India (CCI) has approved the proposed acquisition of up to 80.15 per cent shareholding in Aadhar Housing Finance Ltd. (AHFL) by BCP Asia II Holdco VII Pte. Ltd., an entity controlled by funds advised and managed by affiliates of Blackstone Inc.

The transaction involves both a secondary acquisition and an open offer to Aadhar Housing’s public shareholders. BCP Asia, incorporated as an investment vehicle, is not directly engaged in providing any products or services in India or abroad.

Aadhar Housing Finance, the target company, provides home loans and loans against property across India. It is also registered as a Corporate Agent (Composite) with the Insurance Regulatory and Development Authority of India (IRDAI) and distributes both life and general insurance products.

A detailed order from the Commission outlining the approval terms will be issued later.