Global investment firm Carlyle Group on Tuesday announced an investment of Rs 2,100 crore to acquire a majority stake in Nido Home Finance Ltd. from Edelweiss Financial Services Ltd.
The US-based firm is acquiring a 45% stake through a secondary purchase. This is in addition to a Rs 1,500-crore primary infusion, bringing Carlyle's ownership rising to around 73% on a fully diluted basis.
This marks the first business deal of over Rs 1,000 crore in 2026.
Notably, Nido operates a large network of branches, serving over 800 talukas in India, with assets under management currently standing at Rs 4,804 crore.
Aditya Puri, senior advisor to Carlyle in Asia, and former CEO and Managing Director of HDFC Bank Ltd., will also participate as an investor, underscoring the strategic importance of the investment, the statement said.
Following the deal announcement, shares of Edelweiss Financial Services surged as high as 9% to Rs 121.87 on the NSE.
"Housing remains a critical national priority for India, and we have strong conviction in the growth potential of the housing finance industry," said Sunil Kaul, Partner and Asia Financial Services Sector Lead at Carlyle.
The transaction is subject to regulatory approvals of the Reserve Bank of India, National Housing Bank, and Competition Commission of India.
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