Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Key Moments

  • Carlyle Group agreed to invest a total of 21 billion rupees ($232 million) in Nido Home Finance.
  • Funds affiliated with Carlyle Asia Partners will purchase a 45% stake in Nido from Edelweiss via a secondary transaction.
  • The deal is subject to regulatory approvals from the Reserve Bank of India, National Housing Bank, and the Competition Commission of India.

Transaction Structure and Investment Details

Carlyle Group plans to acquire a majority interest in Nido Home Finance, a housing finance subsidiary of Edelweiss Financial Services, through a total investment commitment of 21 billion rupees ($232 million), as disclosed by Edelweiss in a filing to stock exchanges.

As part of the agreement, investment vehicles associated with Carlyle Asia Partners will buy a 45% equity stake in Nido from Edelweiss in a secondary share purchase. In addition to the secondary transaction, Carlyle will inject fresh capital of 15 billion rupees directly into Nido through a primary equity infusion.

Nido Home Finance Profile

Nido Home Finance operates as a housing finance company and currently oversees assets totaling 48.04 billion rupees. The new capital from Carlyle is structured to strengthen Nido’s balance sheet through the primary infusion while also transferring a significant ownership stake from Edelweiss via the secondary sale.

ItemAmount / Detail
Total Carlyle investment21 billion rupees ($232 million)
Secondary purchase stake45% of Nido Home Finance
Primary equity capital infusion15 billion rupees
Nido assets under management48.04 billion rupees

Regulatory Approvals Pending

The completion of the transaction remains contingent on receiving approvals from key Indian regulators. These include the Reserve Bank of India, the National Housing Bank, and the Competition Commission of India. The transaction can only be finalized once these clearances have been obtained.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Forex Market: EUR/CAD daily forecastForex Market: EUR/CAD daily forecast During yesterday’s trading session EUR/CAD traded within the range of 1.4681-1.4742 and closed at 1.4700.At 6:48 GMT today EUR/CAD was losing 0.01% for the day to trade at 1.4698. The pair touched a daily low at 1.4681 at 6:20 […]
  • Gold trading outlook: futures hit six-week high as China growth slowsGold trading outlook: futures hit six-week high as China growth slows Gold rose to the highest in six weeks on Tuesday as easing China economic growth refueled concerns of a slowing global economy, while upbeat data from the US backed the case of policy makers ending Feds bond-buying program later this month. […]
  • General Motors goes through a massive reorganizationGeneral Motors goes through a massive reorganization Management reorganization at General Motors and the scaling back of the companys union with PSA Peugeot Citroen, have provoked certain insecurity over the carmakers strategy for Opel in the U.S. At the same time, European carmaker business […]
  • Major and Crypto-Currencies: Pivot Levels for Friday (January 13th 2017)Major and Crypto-Currencies: Pivot Levels for Friday (January 13th 2017) Major Currency PairsUSD/CHFR1 – 1.0109 R2 – 1.0118 R3 (Range Resistance - Sell) – 1.0128 R4 (Long Breakout) – 1.0155 R5 (Breakout Target 1) - 1.0187 R6 (Breakout Target 2) - 1.0200S1 – 1.0091 S2 – 1.0082 S3 (Range […]
  • Oil weekly recap, December 23 – December 27Oil weekly recap, December 23 – December 27 West Texas Intermediate rose to a 2-1/2 month high on Friday and Brent settled at the highest level in four weeks after the Energy Information Administration reported a fourth consecutive weekly decline in US crude inventories in the seven […]
  • Oil extends gains prior to reserves reportsOil extends gains prior to reserves reports Oil extended gains on Tuesday as analysts forecast a drop in Crude Oil Inventories ahead of APIs and EIAs weekly oil inventories reports due on Tuesday and Wednesday respectively. Prices also drew support as positive U.S. and EU data pointed […]