Carlyle to Invest ₹21 Billion in Edelweiss Housing Finance Arm

Carlyle will invest 21 billion rupees ($232 million) in the housing finance subsidiary of Edelweiss Financial, marking a significant bet on India’s expanding home loan market. The deal involves the acquisition of a 45% stake and a primary equity infusion of 15 billion rupees into Nido Home Finance, the company said on Tuesday.

Following completion of the transaction, investment funds affiliated with Carlyle Asia Partners are expected to hold about 73% of Nido. The housing finance firm currently manages assets worth approximately 48.04 billion rupees. Carlyle’s move aligns it with global investors such as Blackstone and Sumitomo Mitsui Financial Group, which have also been increasing exposure to India’s fast-growing housing finance sector.

The investment comes after Carlyle exited long-held positions in PNB Housing Finance and Yes Bank last year. Shares of Edelweiss Financial rose around 8% in afternoon trade in Mumbai, reflecting positive investor sentiment around the capital infusion and growth prospects for its housing finance business.

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