EQT Acquires Niwas Housing Finance for Rs 500 Crore to Increase Reasonably priced Housing in India, ETCFO
Swedish fund EQT has accomplished the acquisition of Niwas Housing Finance Restricted, previously generally known as Indostar House Finance, from IndoStar Capital Finance Restricted, in line with an organization assertion.
EQT will make investments Rs 500 crore ($58 million) as progress capital to help geographic enlargement and improve digital capabilities of Niwas.
Based in 2017, Niwas gives inexpensive mortgages to retail clients in tier 2 to tier 4 cities in India and has supported over 47,000 low earnings householders and small companies, it mentioned.
Niwas has AUM of over Rs 3000 crore as of 31 March 2025, comprising granular, retail, and secured loans.
Okay.R. Kamath, Chairperson of the newly constituted Board of Niwas Housing Finance, added: “Niwas is well-positioned to increase entry to residence possession in India. As we embark on this renewed journey of Niwas, I’m assured that the brand new board’s collective expertise will present priceless strategic steerage and oversight to the Firm, guaranteeing Niwas scales responsibly, with customer-centricity and prudence at its core.”
Hemant Sharma, a Accomplice within the EQT Personal Capital Asia advisory workforce, mentioned: “India’s retail lending sector continues to supply thrilling alternatives and is a key funding theme for EQT in India.”
