Nexus Venture sells stake in India Shelter Finance for Rs 4.82 billion
ECONOMY & POLICY

Nexus Venture sells stake in India Shelter Finance for Rs 4.82 billion

Venture capital firm Nexus Venture Partners divested a 5.97% stake in India Shelter Finance Corporation for Rs 4.82 billion through open market transactions. India Shelter Finance, based in Gurugram, caters to first-time home loan buyers in Tier-II and Tier-III cities, focusing on the low- and middle-income segments.

Nexus, via its affiliates Nexus Ventures III and Nexus Opportunity Fund II Ltd, sold 6.4 million shares in two bulk deals on the BSE, priced between Rs 752.35 and Rs 753.27 per share, resulting in a total deal value of Rs 4.81 billion. This transaction reduced Nexus' stake in the company from 21.32% to 15.35%.

Meanwhile, Goldman Sachs and SBI Life Insurance increased their stakes in India Shelter Finance, acquiring a combined 1.31% stake for Rs 1.06 billion. Goldman Sachs purchased 742,000 shares, raising its stake to 1.78%, while SBI Life Insurance bought 670,000 shares, increasing its holding to 2.56%.

Additionally, ICICI Prudential Life Insurance acquired 770,000 shares, or 0.72% stake, for Rs 579.3 billion. Other buyers of India Shelter Finance shares remain undisclosed.

(ET)

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Venture capital firm Nexus Venture Partners divested a 5.97% stake in India Shelter Finance Corporation for Rs 4.82 billion through open market transactions. India Shelter Finance, based in Gurugram, caters to first-time home loan buyers in Tier-II and Tier-III cities, focusing on the low- and middle-income segments. Nexus, via its affiliates Nexus Ventures III and Nexus Opportunity Fund II Ltd, sold 6.4 million shares in two bulk deals on the BSE, priced between Rs 752.35 and Rs 753.27 per share, resulting in a total deal value of Rs 4.81 billion. This transaction reduced Nexus' stake in the company from 21.32% to 15.35%. Meanwhile, Goldman Sachs and SBI Life Insurance increased their stakes in India Shelter Finance, acquiring a combined 1.31% stake for Rs 1.06 billion. Goldman Sachs purchased 742,000 shares, raising its stake to 1.78%, while SBI Life Insurance bought 670,000 shares, increasing its holding to 2.56%. Additionally, ICICI Prudential Life Insurance acquired 770,000 shares, or 0.72% stake, for Rs 579.3 billion. Other buyers of India Shelter Finance shares remain undisclosed. (ET)

Next Story
Infrastructure Energy

VECV Showcases Electric Mobility Progress on World EV Day 2025

VE Commercial Vehicles (VECV) marked World EV Day 2025 by reaffirming its commitment to advancing clean mobility in India through an ecosystem-led approach. For VECV, electric mobility extends beyond vehicles to include charging infrastructure, connected services, and inclusive, sustainable manufacturing practices that make adoption scalable and future-ready.VECV is expanding its EV portfolio with products such as the Eicher Pro X Small Truck, Eicher 2055 EV, and Eicher Skyline Pro Electric bus, already deployed in several cities for school and staff transport. To enhance charging access, VECV..

Next Story
Infrastructure Energy

Mitsubishi Power to Supply Gas Turbines for Vietnam’s O Mon 4 Plant

Mitsubishi Power, the power solutions brand of Mitsubishi Heavy Industries (MHI), has secured a contract in cooperation with Doosan Enerbility Co. to supply two state-of-the-art M701JAC gas turbines and auxiliary equipment for the O Mon 4 Gas Turbine Combined Cycle (GTCC) Power Plant. The contract was signed in August 2025.Developed by Petrovietnam, the O Mon 4 plant will have a designed capacity of 1,155MW. The EPC contract was awarded to a consortium comprising Doosan Enerbility of South Korea and Vietnam’s Power Engineering Consulting Joint Stock Company 2 (PECC2). Mitsubishi Power’s JA..

Next Story
Equipment

SANY India Unveils SSR110C-10 PRO Soil Compactor with Operator-Centric Design

SANY India, a leading manufacturer of construction, road, mining, logistics, and energy equipment, has announced the launch of the SSR110C-10 PRO Vibratory Soil Compactor. Built at the company’s state-of-the-art Pune facility, the new machine combines rugged performance with operator-friendly features, reinforcing SANY’s commitment to India’s infrastructure development.With an operating weight of 11,200 kg, the SSR110C-10 PRO is equipped with a 132 HP fuel-efficient engine, advanced dual-frequency vibration, and delivers a 295 N/cm static linear load for deeper and uniform compaction. Ke..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?