o | Photo credit: JEENAH MAAN
Carlyle is targeting an initial financing of $300 million in Mumbai-based Nido Home Finance Ltd., owned by Edelweiss Financial Services Ltd., the people said, asking to remain anonymous because the discussions are private. Negotiations are ongoing and no deal has been finalized yet, the people said.
If the transaction goes through, Carlyle will join the likes of Blackstone Inc. and Sumitomo Mitsui Financial Group Inc., which in recent years have placed bets on India’s booming housing finance sector. Carlyle sold its decade-old investment in PNB Housing Finance and Yes Bank Ltd earlier this year.
Edelweiss did not respond to a request for comment, while Carlye declined to comment. Edelweiss was keen to bring in a private equity fund to help grow its home finance business and was initially in talks with potential investors, group chairman Rashesh Shah said during an earnings call in November.
Carlyle expects to write bigger checks in India as it looks to take majority stakes in companies and build platforms to consolidate businesses, the company’s India head Amit Jain said earlier this year. The company has invested approximately $8 billion in India in the country’s 25-year history.
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Published on December 2, 2025
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