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

JM Financial Ltd has submitted a Letter of Offer to the public shareholders of Aadhar Housing Finance Ltd. The offer, made by BCP Asia IT Holdco VII PTE. LTD., Blackstone Capital Partners (CYM) IX AIV-F L.P., and Blackstone Capital Partners ASIA ITL.P., is for up to 11,35,25,761 fully paid-up equity shares at a price of INR 469.97 per equity share, representing 25.82% of the expanded voting share capital. The offer is not conditional or subject to a minimum level of acceptance, and is in compliance with the SEBI (SAST) Regulations. The offer is not a competing offer and there have been no competing offers as of the date of this letter. The offer price may be subject to upward revision prior to the commencement of the last one (1) Working Day before the commencement of the Tendering Period.