Carlyle to acquire 45% stake Edelweiss' home finance subsidiary
Edelweiss Financial Services (Edelweiss) and global investment firm The Carlyle Group (NASDAQ: CG) today announced that investment funds affiliated with Carlyle will acquire a strategic majority stake in Nido Home Finance (Nido), a wholly-owned subsidiary of Edelweiss. As part of the transaction, investment funds affiliated with Carlyle Asia Partners (CAP) will invest Rs 2,100 crore (approximately USD 230M), which 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 165M) in Nido.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content