The Competition Commission of India has approved acquisition of certain shareholding of Aadhar Housing Finance Limited (Target) by AXDI LDII SPV 1 LTD (Acquirer).

The Proposed Combination involves the acquisition of 10.04% shareholding (on a fully diluted basis) of the Target by the Acquirer from BCP Topco VII Pte. Ltd. (Seller).

The Acquirer is a special-purpose vehicle incorporated in the Abu Dhabi Global Market.

The Target is a public limited company listed on BSE Limited and the National Stock Exchange of India Limited. It is registered as a housing finance company with the National Housing Bank and offers retail loans in India. It is also registered with the Insurance Regulatory Development Authority of India as a corporate agent and is engaged in insurance distribution.

Detailed order of the Commission will follow.   

Acquisition of Aadhar Housing Finance 10.04% stake by AXDI LDII SPV 1 Ltd from BCP Topco VII approved. Approval is recorded for the acquisition by AXDI LDII SPV 1 Ltd, an Abu Dhabi Global Market special-purpose vehicle, of a specified minority shareholding in Aadhar Housing Finance Limited from BCP Topco VII Pte. Ltd. Aadhar Housing Finance is a listed housing finance company registered with the National Housing Bank and registered as a corporate agent for insurance distribution; a detailed order will follow.