The Competition Commission of India(CCI) has approved a proposal
by Singapore-based BCP Asia II Holdco VII Pte. Ltd., an affiliate
of US private equity firm Blackstone Inc.(BX:NYSE), to acquire as
much as 80.15% of Aadhar Housing Finance Ltd.(AADHARHOUSING:NSE)
through a secondary share purchase and an open offer to public
shareholders, according to a press release by the CCI.
The deal, announced after review by India’s competition
authority, will give BCP Asia majority control of one of India’s
largest housing finance companies. Aadhar Housing Finance
specialises in providing home loans and loans against property to
low and middle-income borrowers across the country.
The company is also registered with the Insurance Regulatory and
Development Authority of India as a composite corporate agent,
enabling it to distribute both life and general insurance products.
BCP Asia, incorporated in Singapore, is an investment holding
entity managed and advised by affiliates of Blackstone(BX:NYSE).
The company does not currently undertake any operational or
commercial activity in India or elsewhere.
The acquisition reflects Blackstone’s strategy to deepen its
presence in India’s expanding financial services sector,
particularly in the affordable housing finance segment, which
continues to benefit from government-led housing initiatives and
rising demand from first-time buyers.
Regulatory clearance from India’s competition watchdog marks an
important step toward completing the transaction, which is set to
strengthen Blackstone’s foothold in the country’s non-banking
financial services market, valued at about $400bn.
© 2025 bne IntelliNews, source Magazine
