US-based asset supervisor The Carlyle Group Inc. will purchase the housing mortgage unit of Edelweiss Monetary Providers Ltd, Nido Residence Finance Ltd, in a ₹2,100 crore deal, the Rashesh Shah-led monetary providers agency knowledgeable the exchanges on Monday.
The deal will see funding funds affiliated with Carlyle Asia Companions—CA Sardo Investments and Aditya Puri’s household workplace, Salisbury Investments Pvt.—decide up a forty five% stake in Nido from Edelweiss via a secondary buy and make a major fairness capital infusion of ₹1,500 crore.
Collectively, each funds will purchase a majority stake in Nido via a mixture of shares and warrants.
Aditya Puri, former chief government and managing director of HDFC Financial institution, is a senior adviser on Carlyle’s Asia non-public fairness crew.
Upon completion, these funds will maintain roughly 73% of Nido on a totally diluted foundation.
By the secondary transaction, Edelweiss will promote 31.2 million shares for ₹602 crore. As a part of the ₹1,500 crore major infusion, it is going to situation 25.7 million contemporary shares to CA Sardo Investments and one other 185,000 to Salisbury. Each points will happen at ₹193 per share.
CA Sardo and Salisbury may even get 514 million and 369,000 contemporary warrants, respectively, priced at ₹193 apiece.
The difficulty worth of the shares signifies a 73% premium over the inventory’s closing worth on the earlier buying and selling day.
Edelweiss may obtain an upside share, based mostly on Carlyle’s realizing returns above a specified threshold, the corporate mentioned.
The deal is topic to regulatory approvals and is anticipated to shut by 31 July 2026, Edelweiss mentioned.
AZB & Companions acted as authorized advisers to Edelweiss, and Trilegal acted as authorized advisers to Carlyle.
In fiscal 2024-25, Nido contributed 5.5% to Edelweiss’s prime line, or ₹ 521 crore, and 14% to the corporate’s web price.
Win-win-win
The corporate, in a presentation to traders, mentioned the transaction creates a “win-win-win” for all stakeholders. For Edelweiss, the deal advances the target of worth creation. For Nido, it reinforces development momentum by infusion of contemporary capital. And for Carlyle, it offers them an entry into India’s housing financing sector.
“We’re thrilled to companion with Edelweiss to assist the subsequent section of Nido’s development journey,” Sunil Kaul, companion and Asia monetary providers sector lead, Carlyle, mentioned. “Housing stays a vital nationwide precedence for India, and now we have sturdy conviction within the development potential of the housing finance business.”
Established in 2010, Nido supplies residence loans to clients throughout the reasonably priced housing and mass-market segments. It serves over 800 talukas in India and presently manages property price ₹4,804 crore.
This marks the second housing finance deal throughout the span of 1 week. On 3 February, non-public fairness agency Creation Worldwide mentioned it could purchase a 14.3% stake in Aditya Birla Housing Finance Ltd for ₹2,750 crore, valuing the corporate at ₹19,250 crore on a post-money foundation.
The deal comes at a time when housing finance firms (HFCs) are more and more leaning on non-housing loans to guard margins and development. Rankings company Icra Ltd expects wholesome earnings and development for HFCs in FY26-27.
“Icra expects wholesome development of 15-17% in HFCs’ property beneath administration throughout 2025-26 and 2026-27,” the company mentioned in a January 2026 report. Development within the non-home loans section has been growing over the previous few quarters, the report learn. “Icra expects the share of NHLs to inch up additional within the close to time period amid aggressive challenges within the housing mortgage section and strain on margins.”
The Financial Survey 2025-26launched on 29 January 2026, highlighted that housing loans as a share of gross home product (GDP) rose to 11% in FY25 from 8% in FY15. It credited demand-side measures, comparable to curiosity subvention beneath PMAY (City), the Reasonably priced Housing Fund, decrease rates of interest, and streamlined credit score processes, for bettering entry to housing finance.
City initiatives just like the Good Cities Mission and the City Infrastructure Growth Fund (UIDF) have additionally supported housing demand in tier-II and tier-III cities.