Sale of 45% Stake in Nido Home Finance Completed; Nido Ceases to Be a Subsidiary

Deal done: Edelweiss and two group companies have completed the transfer of 45% of Nido Home Finance's paid-up equity to Carlyle affiliate CA Sardo Investments and Salisbury Investments (Aditya Puri family) for INR 5,80,67,79,525.

Fri 25 Sep 2026

Secondary Sale Consideration

INR 5,80,67,79,525

Fresh Equity Shares Issued

2,59,06,736 equity shares

Warrants Issued

5,18,13,472 warrants

Total Fresh Issue Value

INR 14,46,13,99,102.56

Buyer Shareholding Post-Deal

58.26%, rising to 72.70% fully diluted within 18 months

What happened

The transaction first intimated on February 10, 2026 has been consummated after receipt of regulatory and other approvals and fulfilment of the conditions in the definitive agreements.

The sellers — Edelweiss Financial Services, Edelweiss Rural & Corporate Services Limited (ERCSL) and Edel Finance Company Limited (EFCL) — have completed the transfer of 45% of the paid-up equity share capital of Nido Home Finance Limited 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).

Money involved

• Secondary sale consideration: INR 5,80,67,79,525
• Fresh issue by Nido to the buyers: 2,59,06,736 equity shares and 5,18,13,472 warrants for INR 14,46,13,99,102.56
• Total buyer investment in Nido: over Rs. 2,000 crores, through a combination of primary capital infusion and secondary purchase

Shareholding after the deal

• Buyers: 58.26% of Nido, to increase to 72.70% within 18 months on a fully diluted basis after conversion of the warrants
• Sellers: 38.91%, reducing to 25.46% on a fully diluted basis post conversion

What it means

Nido has ceased to be a subsidiary of Edelweiss Financial Services. Its financials will therefore no longer be consolidated as a subsidiary, while Edelweiss group entities retain a sizeable minority interest alongside the new controlling investors. The primary infusion goes into Nido itself, strengthening the home finance company's capital, while the secondary portion is consideration received by the selling Edelweiss entities.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.