Carlyle, Aditya Puri buy 45% of Nido from Edelweiss for $61M
What's the deal? Edelweiss Financial ServicesDealroom has a profile for this one. Try Dealroom → has completed the sale of a 45% stake in its subsidiary Nido Home Finance to affiliates of The Carlyle GroupDealroom has a profile for this one. Try Dealroom → and entities linked to former HDFC BankDealroom has a profile for this one. Try Dealroom → chief Aditya Puri. The secondary transaction, closed on September 25, 2026, fetched US$78.9M (roughly $61 million).
Who's buying? The purchasers are CA Sardo InvestmentsDealroom has a profile for this one. Try Dealroom →, a Carlyle affiliate, and Salisbury Investments Private LimitedDealroom has a profile for this one. Try Dealroom →, an investment vehicle of Aditya Puri and his family. They acquired the shares from two Edelweiss units, Edelweiss Rural & Corporate ServicesDealroom has a profile for this one. Try Dealroom → and Edel Finance CompanyDealroom has a profile for this one. Try Dealroom →.
The bigger number. The stake sale is only part of a wider deal. Nido also issued new equity and warrants to the buyers, raising a further US$196.4M in primary capital and taking their total investment past US$271.6M.
What changes? The buyers now hold 58.26% of Nido, rising to a higher share on a fully diluted basis once warrants convert within 18 months. Nido has therefore ceased to be an Edelweiss subsidiary.
What Edelweiss keeps. The sellers retain a 38.91% stake, which will dilute to 25.46% after warrant conversion. Edelweiss thus monetises the subsidiary while holding a meaningful minority interest.
The signal: The gap between the US$78.9M secondary sale and the more than US$271.6M total commitment shows most of the capital is flowing into Nido's balance sheet, not to the parent. That points to buyers funding the lender's growth rather than simply buying out the promoter group.
Read more: scanx.trade
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