Carlyle Acquires Majority Stake in India’s Nido Home Finance for $232 Million
An investor group led by Carlyle Group Inc. has agreed to acquire a 73% stake in India’s Nido Home Finance Ltd. for about 21 billion rupees ($232 million).
The consortium backed by Carlyle Asia Partners will buy an initial 45% stake in Nido from Edelweiss Financial Services Ltd. for about 6 billion rupees, according to a filing Tuesday. It will also boost its stake further through a primary equity capital infusion of 15 billion rupees, Carlyle said in a statement.