Image Source: Moneycontrol
The landscape of the Indian housing finance sector is shifting as the much-anticipated open offer by Aadhar Housing Finance gains momentum. In a recent disclosure, JM Financial Limited, the manager of the offer, revealed that public shareholders have begun tendering their stakes, marking a pivotal step in Blackstone’s acquisition of the company.
As of the latest update on February 13, 2026, the open offer has officially exceeded the initial participation threshold. For investors and market watchers of Aadhar Housing Finance shares, this update offers a clear view of how the market is reacting to the ownership transition.
Breaking Down the Data: What 7.36 Lakh Shares Actually Mean
According to the official filing, the Aadhar Housing Finance open offer has received tenders for 736,706 equity shares. While this represents approximately 0.65% of the total offer size, the figures indicate a steady start to the 10-day tendering period.
The offer, initiated by BCP Asia II Holdco VII Pte. Ltd. (a Blackstone-affiliated entity), aims to acquire up to 25.82% of the company’s expanded voting share capital. With the offer price set at a competitive ₹469.97 per share, plus an additional interest of ₹2.71 per share due to the structured payment schedule, the deal is designed to attract significant retail and institutional interest.
A Strategic Transition for Aadhar Housing Finance
This open offer is not just a routine transaction; it’s a consequence of a massive promoter-level shift. Blackstone, through its various arms, is consolidating its grip on the low-income housing financier. Earlier this year, the promoter BCP Topco VII agreed to sell a 64.14% stake to the acquirer, triggering this mandatory open offer for the remaining public shares.
For Aadhar Housing Finance, this move underscores massive institutional confidence in India’s affordable housing segment. With a robust Asset Under Management (AUM) and a focus on ticket sizes below ₹15 lakh, Aadhar is a crown jewel for investors betting on the “housing for all” narrative.
What Should Shareholders Know?
The tendering period, which ran from February 02 to February 13, 2026, has now reached its concluding stages. Here are the key takeaways for those tracking the Aadhar Housing Finance acquisition:
- Escrow Security: The tendered shares are currently held in a secure escrow demat account managed by Ventura Securities Limited, ensuring transparency for all participating investors.
- Validation Process: The 7.36 lakh shares reported are subject to final validation. The final number of shares accepted by Blackstone may vary slightly depending on the verification of documentation.
- Approval Status: The deal has already cleared major hurdles, receiving the green light from the Competition Commission of India (CCI) and the Reserve Bank of India (RBI).
Impact on the Housing Finance Market
The success of this offer is a litmus test for the affordable housing finance sector in India. As one of the largest players in the low-income segment, Aadhar Housing Finance’s performance under Blackstone’s direct ownership will be closely monitored.
For the business outreach community, this deal highlights the “Blackstone Effect,” where global capital meets local infrastructure needs. Whether you are a retail investor or a market analyst, the evolution of Aadhar Housing Finance is a story of growth, regulatory precision, and the surging demand for mortgage products in emerging markets.
Quick Facts: Aadhar Housing Finance Open Offer 2026
- Offer Price: ₹469.97 + ₹2.71 (Interest) per share.
- Target Stake: 25.82% of equity.
- Manager to Offer: JM Financial Limited.
- Acquirer: BCP Asia II Holdco VII (Blackstone).
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