11 Feb 2026


Trilegal is representing CA Sardo Investments, an affiliate of The Carlyle Group (NASDAQ: CG) , in its acquisition of a strategic majority stake in Nido. The transaction involves the secondary acquisition of equity shares from Edelweiss Financial Services Limited, Edelweiss Rural & Corporate Services Limited and Edel Finance Company Limited, Nido’s existing shareholders, along with a primary subscription to equity shares and warrants of Nido.
The transaction is intended to strengthen Nido’s growth trajectory by infusing fresh capital and operational expertise to expand access to affordable housing finance, particularly in rural and semi-urban markets across India. Housing finance continues to be a key pillar of India’s economic growth, supported by strong structural demand, policy initiatives, and a rapidly formalising credit ecosystem. For Edelweiss, the partnership aligns with its objective of unlocking value in its businesses while reinforcing Nido’s long-term growth momentum.
For Carlyle, the investment underscores its continued commitment to India’s high-growth housing finance sector and builds on over two decades of experience investing in India’s financial services industry, including housing finance platforms such as PNB Housing Finance Limited and Housing Development Finance Corporation.
The Trilegal Core transaction team advising on the matter was led by Partner, Abhishek Guha and comprised of Partners, Tanya Uppal, and Mahesh Wasadikar; Sr. Associates: Yash Modi, Shreya Gokhale; Associates: Vishakha Dube and Vijay Chawla.
The Trilegal Competition team advising on the matter comprised of Partner: Gauri Chhabra; and supported by Counsel: Gargi Yadav; Senior Associate: Eesha Sheth, Associates: Bhabya Mahapatra, Shreya Chaudhary, and Shobhit Shukla.
The Trilegal Banking team advising on the matter comprised of Partner: Ameya Khandge; and supported by Counsel: Nikhil Khurana; Senior Associate: Neeraj Nainani; and Associate: Pracheta Dwivedi
The Trilegal Compliance and Regulatory team advising on the matter comprised of by Partners: Anuj Berry and Shruti Rajan along with Lead – Risk & Compliance: Nishith Mehta and Director: Rohtash Singh; and supported by Associates: Anoushka S and Deepanshu Agarwal.
The Trilegal Intellectual Property team advising on the matter comprised of Partner: Kirti Balasubramanian; and supported by Sr. Associate: Hirtarth Parikh
The Trilegal Technology, Media and Telecommunications team advising on the matter comprised of Partner: Jishnu Sanyal, and supported by Sr. Associate: Janak Pradhan; and Associates: Bevan Avil Pinto and Amala G.
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With over 150 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,200 professionals across Mumbai, Delhi, Bengaluru, and Gurugram offices.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com

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