Aadhar Housing Finance Limited's promoter BCP Asia II Holdco VII Pte. Ltd. has filed a disclosure under Regulation 31(4) of the SEBI Takeover Regulations with the stock exchanges, declaring that no encumbrance was created on the company's shares during the financial year ended 31 March 2026.
BCP Asia together with persons acting in concert — Blackstone Capital Partners (CYM) IX AIV - F L.P. and Blackstone Capital Partners Asia II L.P. — confirmed that their entire shareholding in Aadhar Housing Finance remained free of any encumbrance throughout the financial year 2025-26.
The declaration was made pursuant to the change of control approval granted by the National Housing Bank (NHB) on 16 January 2026. NHB approved the change in control in connection with refinancing facilities availed by Aadhar Housing Finance. The change of control resulted in BCP Asia replacing BCP TopCo VII Pte. Ltd. as the promoter.
As part of the approval, NHB directed that the non-disposal undertaking (NDU) previously existing on the shares of the erstwhile promoter BCP TopCo VII Pte. Ltd. shall also be created on the shares held by the incoming promoter BCP Asia. The NDU prevents BCP Asia from disposing of its shareholding in the home finance company without prior regulatory consent.
As of 31 March 2026, the process for creating the NDU on BCP Asia's shares was underway. BCP Asia subsequently furnished a formal undertaking to NHB on 7 April 2026, committing to the non-disposal of its shareholding in Aadhar Housing Finance.
This is the first encumbrance-related disclosure filed by the new promoter group since NHB's change of control approval in January 2026.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.