Tag: edelweiss

CommercialLatest Stories

CapitaLand sells Gurugram office for ₹2,050 crore to EAAA

Representative Image Singapore-based CapitaLand has sold a 1.9 million sq ft commercial property located in Gurugram to EAAA Alternatives for ₹2,050 crore. This move is part of CapitaLand’s strategy to generate capital through significant asset divestments and to enhance its portfolio. According to a source familiar with the matter, “CapitaLand’s strategic exits reflect the changing demand dynamics in India’s office market, where hybrid work trends and selective tenant preferences are redefining valuations and capital movements.” The property, known as International Tech Park in Gurugram, is home to prominent tenants such as Optum, Stryker, and Zomato. This year, CapitaLand India Trust…

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

Weaver Services to Raise ₹1,482 Crore from Lightspeed, Premji Invest

Housing finance platform Weaver Services has announced agreements to secure $170 million (approximately ₹1,481.5 crore) in a funding round led by Lightspeed and Premji Invest, with participation from Gaja Capital. This funding round, pending regulatory approval, is amongst the largest recent investments in affordable housing finance. Weaver is committed to a technology-first approach, focusing on underserved segments like self-employed individuals in tier-II and tier-III cities. The company has acquired Capital India Housing Finance as a foundational asset and plans to acquire additional assets to achieve initial scale, currently evaluating various options. Weaver emphasized that this investment will enhance its ability…