Tag: Edelweiss Financial Services

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,…

IndustryLatest Stories

EAAA India Submits ₹1,500-Crore IPO Papers to Sebi

NEW DELHI: EAAA India Alternatives, a division of Edelweiss Financial Services, has submitted preliminary documentation to the market regulator Sebi to raise ₹1,500 crore through an initial public offering (IPO). The planned issuance will be completely an offer-for-sale (OFS) by Edelweiss Group, as outlined in the draft red herring prospectus (DRHP) filed on Monday. Consequently, the company will not receive any funds from the IPO; the entire amount will be directed to the selling shareholder. Founded in 2008, EAAA India Alternatives ranks among India’s top alternatives platforms, boasting over 15 years of expertise in managing long-term, patient capital. As of…

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…