A consortium led by Carlyle Group Inc has agreed to acquire a 73% stake in India’s Nido Home Finance Ltd for approximately INR21bn ($232m), according to a report by Bloomberg.
The investor group, backed by Carlyle Asia Partners, will purchase an initial 45% stake from Edelweiss Financial Services Ltd for around INR6bn. Carlyle will subsequently increase its holding through a primary capital infusion of INR15bn.
Shares in Edelweiss rose as much as 11% intraday following the announcement on Tuesda...
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