Newsletter
Edelweiss Financial Services jumped 9% after reporting a sharp jump in profits and announcing that US-based asset manager Carlyle will buy a 45% stake in its housing finance arm Nido Home Finance for ₹2,100 crore.
Nido Home Finance provides home loans, mainly to affordable and mass-market customers, with a strong focus on rural and semi-urban India.
The deets: the deal brings fresh capital and global operating expertise into Nido at a time when affordable housing demand is rising.
For Edelweiss, this helps unlock value from its business while keeping a significant stake in a fast-growing housing platform. For Nido, the Carlyle partnership supports faster expansion in underserved markets.
Why this matters: Affordable housing is a priority area for the government, and lenders with capital and reach stand to gain.
India’s housing finance market is still under-penetrated. Home loan credit is only about 11–12% of GDP, compared to 40–60% in developed markets. The sector has been growing at 15%+ annually, driven by rising incomes, urbanisation, and schemes like PMAY.
With demand shifting to Tier-2, Tier-3, and rural markets, well-funded housing finance companies are right at the centre of India’s next growth cycle.
