Carlyle to acquire majority stake in Nido Home Finance for ₹2,100 crore

US-based private equity firm Carlyle will invest Rs 2,100 crore to acquire a majority stake in Edelweiss Group's housing finance arm Nido Home Finance, subject to regulatory approvals

Edelweiss Financial Services on Tuesday said US-based private equity major, the Carlyle Group, through its affiliates CA Sardo Investments and Salisbury Investments Private Limited — an investment vehicle of former HDFC Bank chief executive Aditya Puri and his family — will invest ₹2,100 crore to acquire a majority stake in Nido Home Finance, a wholly owned subsidiary of the Edelweiss Group.

 

The transaction will result in Carlyle and Salisbury jointly holding up to 73 per cent stake in Nido Home Finance, the official statement said.

 

This investment marks the first large foreign direct investment in the financial services space in 2026.

 

 

The ₹2,100 crore investment includes acquiring a 45 per cent stake in Nido from Edelweiss through a secondary purchase and a primary equity capital infusion of ₹1,500 crore (approximately $165 million) in Nido.

 

The remaining stake will be acquired through the conversion of warrants, taking the combined holding of Carlyle and Salisbury to 73 per cent.

 

The equity shares will be issued at ₹193 per share. The warrants will also be issued at the same price.

 

“The transaction seeks to create a win-win opportunity for all stakeholders by bringing additional capital and operational expertise to better serve the affordable housing segment, predominantly in the rural and semi-urban markets in India, a priority for the Indian government,” the company said in a statement.

 

Rashesh Shah, Chairman and Managing Director, Edelweiss, said: “The investment by Carlyle in Nido is a key milestone and brings in a high-quality, long-term partner to accelerate Nido’s next phase of growth.”

 

“We are excited to build on our extensive experience in financial services and housing finance to help Nido scale its operations and serve the expanding needs of affordable housing segments in the rural and semi-urban markets,” said Sunil Kaul, Partner and Asia Financial Services Sector Lead, Carlyle.

 

Established in 2010, Nido provides home loan solutions to customers across the affordable housing and mass-market segments. Nido operates a large network of branches, serving over 800 talukas (sub-districts) in India, and currently manages an assets under management (AUM) of ₹4,804 crore (approximately $530 million).

 

The transaction is subject to regulatory approvals from the Reserve Bank of India, National Housing Bank and Competition Commission of India. AZB & Partners acted as legal advisors to Edelweiss, while Trilegal acted as legal advisor to Carlyle.