Edelweiss Financial, arms to sell 45% in subsidiary Nido Home for INR 21 bln
This story was originally published at 21:51 IST on 10 February 2026
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--Edelweiss Fincl: Co, arms to sell 45% of arm Nido Home Fin for INR 21 bln
MUMBAI – Edelweiss Financial Services Ltd., along with wholly-owned subsidiaries Edelweiss Rural & Corporate Services Ltd. and Edel Finance Co. Ltd., has entered into an agreement with CA Sardo Investments and Salisbury Investments Pvt. Ltd. to sell 45% stake in Nido Home Finance Ltd. for INR 21 billion. Upon completion of the sale, the two acquirers will hold 73% stake in Nido Home, the parent company informed the exchanges.
Edelweiss Financial Services reported a net profit of INR 2.64 billion on a revenue of INR 44.04 billion for the December quarter. Tuesday, its shares closed 9.2% higher on the National Stock Exchange at INR 121.47. End
Reported by Gopika Balasubramanium
Edited by Rajeev Pai
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