Tag: Carlyle Group

Housing FinanceLatest Stories

Carlyle Group to Acquire Controlling Stake in Nido for ₹2,100 Cr

NEW DELHI: Edelweiss Financial Services Ltd and Carlyle Group announced on Tuesday that the US-based investment firm will acquire a strategic majority stake in Nido Home Finance, a fully-owned subsidiary of Edelweiss. The transaction involves investment funds associated with Carlyle Asia Partners (CAP) investing Rs 2,100 crore (approximately USD 230 million). This includes acquiring a 45% stake in Nido from Edelweiss through a secondary purchase and a primary equity capital infusion of Rs 1,500 crore (approximately USD 165 million) into the housing finance firm. Aditya Puri, Senior Advisor to Carlyle in Asia and former CEO and MD of HDFC Bank,…

Housing FinanceLatest Stories

Carlyle Group Negotiates Majority Stake in Nido Home Finance

Carlyle Group Inc. is negotiating to acquire a majority stake in an Indian home mortgage company as it aims to increase its investments in the country’s financial services sector, according to sources familiar with the situation. Carlyle is looking to make an initial investment of $300 million in Mumbai-based Nido Home Finance Ltd., which is owned by Edelweiss Financial Services Ltd. These discussions are ongoing and not yet finalized. If successful, Carlyle would join Blackstone Inc. and Sumitomo Mitsui Financial Group Inc. in capitalizing on India’s thriving housing finance sector. Earlier this year, Carlyle divested its long-time investments in PNB…

Housing FinanceLatest Stories

Carlyle Group Sells 10.44% Stake in PNB Housing for ₹2,712 Cr

NEW DELHI: Carlyle Group, a global investment firm, has fully exited its stake in PNB Housing Finance by selling its 10.44% ownership for Rs 2,712 crore through open market transactions on Friday. The US-based Carlyle Group, via its affiliate Quality Investment Holdings PCC, sold over 2.71 crore shares of PNB Housing Finance on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Quality Investment Holdings PCC sold over 1.73 crore shares on the NSE while the Carlyle arm disposed of 98.07 lakh shares in eight separate transactions on the BSE. The average price for these transactions was Rs…