Nexus Venture sells stake in Shelter Finance for Rs 4.82 Bn

19 Sep 2024 CW Team

Venture capital firm Nexus Venture Partners announced on Monday that it has divested a 5.97% stake in India Shelter Finance Corporation for Rs 4.82 billion through open market transactions. India Shelter Finance Corporation, based in Gurugram, focuses on first-time home loan buyers in the low- and middle-income groups in Tier-II and Tier-III cities across India.

Nexus Venture Partners, through its affiliates Nexus Ventures III and Nexus Opportunity Fund II Ltd, offloaded 64 lakh shares, representing a 5.97% stake in India Shelter Finance Corporation, via two separate bulk deals on the BSE. The shares were sold at prices ranging from Rs 752.35 to Rs 753.27 each, bringing the total deal value to Rs 4.81 billion.

Following this transaction, Nexus Venture Partners' shareholding in India Shelter Finance Corporation has decreased from 21.32% to 15.35%. Meanwhile, financial services company Goldman Sachs and SBI Life Insurance increased their stakes by acquiring a combined 1.31% stake in India Shelter Finance Corporation for Rs 1.06 billion.

According to the data, Goldman Sachs acquired 7.42 lakh shares, or a 0.69% stake, in India Shelter Finance Corporation, while SBI Life Insurance purchased 6.70 lakh units, representing a 0.62% holding in the company. The shares were acquired at an average price of Rs 752.35 each, resulting in a total deal value of Rs 1.06 billion.

After the stake purchases, Goldman Sachs raised its ownership in India Shelter Finance Corporation to 1.78%, while SBI Life Insurance increased its holding to 2.56%, up from 1.94%.

Real Estate

08 Oct 2025

Bennet & Bernard Unveil Dutch-Inspired ‘Casa El Toledo’ in Goa

Bennet & Bernard Group, Goa’s leading luxury real estate developer, has launched its newest project, Casa El Toledo, in Assagao. The enclave features 18 ultra-luxury 4 BHK Dutch-style villas blending European charm with tropical elegance. Each villa includes a private pool, double-height ceilings, open courtyards, alfresco dining areas, and English-inspired landscaping. The interiors are curated by noted Dutch designer Kelly Marie. Reflecting the grandeur of the Dutch Golden Age, Casa El Toledo harmonises heritage aesthetics with modern sensibilities. Expansive interiors flow..

Godrej Delivers Heaviest Ecolaire Surface Condenser to US Project

Godrej Enterprises Group’s Process Equipment business has manufactured and delivered its heaviest Ecolaire® Surface Condenser to date, weighing nearly 450 metric tonnes, for a power-generation project in the United States. The project, powered by natural gas and partly designed for hydrogen compatibility, marks another step in advancing clean energy systems. Produced at the company’s GreenCo-certified Dahej facility in Gujarat, the equipment demonstrates India’s growing engineering capabilities and reinforces Godrej’s ‘Make in India for the World’ vision. Hussain S..

India, Brazil Discuss Energy Ties And Oil Investments

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri held discussions with Celso Luis Nunes Amorim, Special Advisor to the President of Brazil, and senior Brazilian officials to strengthen bilateral cooperation in the oil, gas, and energy transition sectors. The talks took place during a dinner hosted by Kenneth H da Nobrega, Ambassador of Brazil to India, at his residence in New Delhi.Mr Puri said the meeting focused on Indian investments in Brazil’s oil and gas sector, as well as expanding collaboration in energy transition and biofuels. “The enriching conversation revolved ar..