Edelweiss Sells 45% Stake in Nido Home Finance for ₹580.68 Cr

Edelweiss Financial Services Ltd. has completed the sale of a 45% stake in its subsidiary, Nido Home Finance Limited (Nido), to CA Sardo Investments (an affiliate of The Carlyle Group) and Salisbury Investments Private Limited (an investment vehicle of Mr. Aditya Puri and his family). The transaction involved a total investment of over Rs. 2,000 crores by the buyers, comprising primary capital infusion and secondary purchase. Edelweiss, ERCSL, and EFCL received an aggregate consideration of INR 5,80,67,79,525 for the stake transfer. Nido also issued shares and warrants to the buyers for INR 14,46,13,99,102.56. Post-transaction, the buyers hold 58.26% of Nido, with potential to increase to 72.70% within 18 months. Consequently, Nido is no longer a subsidiary of Edelweiss.