CCI clears Blackstone arm’s 80% stake in Aadhar Housing
ECONOMY & POLICY

CCI clears Blackstone arm’s 80% stake in Aadhar Housing

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.

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.

Next Story
Infrastructure Urban

Modi Marks 550 Years of Partagali Math in Goa

Prime Minister Narendra Modi addressed the 550th-year celebration of the Shree Samsthan Gokarn Partagali Jeevottam Math in Goa, describing the occasion as a moment of deep spiritual calm. He noted that the Math, despite centuries of change, has remained a guiding institution rooted in tradition while adapting to the times. He highlighted its long-standing role in linking sadhana with service and in providing stability, values, and continuity to society.Marking the anniversary, the Prime Minister unveiled a 77-ft bronze statue of Lord Ram and inaugurated a Ramayana Theme Park on the premises. H..

Next Story
Infrastructure Transport

Shimla Halts NHAI Tunnel Work after Road Depression and Home Cracks

The Shimla district administration has ordered an immediate halt to all construction on the twin tube tunnel under National Highway-05 after a large depression surfaced on the Mehli–Dhali Road and structural cracks appeared in several nearby homes. The decision follows growing safety concerns triggered by the recent landslide at Bhattakufar.District Magistrate Anupam Kashyap has written to the Project Director of the National Highways Authority of India (NHAI), instructing that all excavation, blasting and related activities under the Shimla Bypass Package-II be stopped without delay. The bl..

Next Story
Infrastructure Urban

ALIMCO Marks 53 Years with New Logo, EV Scooter and Wheelchair Tech

ALIMCO celebrated its 53rd Foundation Day with the unveiling of a refreshed corporate identity and the launch of next-generation mobility solutions designed to enhance independence for Divyangjan and senior citizens. The event, attended by Union Minister for Social Justice & Empowerment Dr Virendra Kumar and Minister of State B L. Verma, underscored the organisation’s expanding role in India’s inclusion and accessibility landscape.Dr Virendra Kumar highlighted ALIMCO’s evolution from a manufacturing unit into a national institution rooted in innovation and empathy. He noted that more..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Get CW App