According to informed sources, Carlyle Group LP is in talks to acquire a majority stake in an Indian mortgage lender, signaling its intent to expand investments in the country's financial services sector. The sources requested anonymity as the discussions remain private.
Carlyle aims to make an initial investment of $300 million in Mumbai-based Nido Home Finance Ltd., which is currently owned by Edelweiss Financial Services Ltd. Negotiations are ongoing, and no final agreement has been reached yet.
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