Carlyle to invest INR 2,100 Cr for majority stake in Nido Home Finance
EDELWEISS · price
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Edelweiss is bringing Carlyle as the strategic majority investor in its housing finance subsidiary Nido Home Finance. Carlyle will invest INR 2,100 Cr (about USD 230M), including a INR 1,500 Cr primary infusion and a secondary purchase for a 45% stake. Nido manages assets of INR 4,804 Cr, serving over 800 talukas in affordable housing. Former HDFC Bank CEO Aditya Puri is also investing. Deal awaits RBI, NHB, and CCI approvals.
Positive: a top global investor backing Edelweiss's housing finance arm. Brings growth capital and credibility, likely boosting investor sentiment.