Blackstone-led Consortium to Acquire 25.82% Stake in Aadhar Housing Finance for $5.3 Billion

A consortium led by BCP Asia IT Holdco VII PTE. LTD., a private limited company incorporated under the laws of Singapore, and including Blackstone Capital Partners (CYM) IX AIV-F L.P. and Blackstone Capital Partners Asia ITL.P., both exempted limited partnerships registered under the laws of Cayman Islands, has made a cash offer to acquire up to 11,35,25,761 fully paid-up equity shares of face value of INR 10 each of Aadhar Housing Finance Limited, representing 25.82% of the expanded voting share capital of the company. The offer price is INR 469.97 per equity share along with the applicable interest of INR 2.71 per equity share. The offer is not a conditional offer and is not subject to any minimum level of acceptance. It is also not a competing offer. The offer is being made in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto. The offer is not subject to any statutory or regulatory approvals other than as set out in Part C (Statutory and Other Approvals) of Section VIII (Terms and Conditions of the Open Offer) which have now been received.