Warburg buys HDFC’s stake in Indian student housing startup Good Host
From Warburg Pincus homepage
April 22, 2021
Baskin Lake Investment Ltd, an affiliate of Warburg Pincus, has acquired mortgage financier HDFC Ltd’s 24.48% stake for ₹216.18 crore in Goldman Sachs Group Inc.-backed student housing startup Good Host Spaces Pvt. Ltd.
Baskin Lake, which has become a significant shareholder in the company through the acquisition, and existing shareholder Goldman Sachs will also support the future growth of Good Host by investing additional capital.
Goldman Sachs continues to be the majority shareholder in Good Host Spaces.
HDFC on Thursday evening said it has sold its 24.48% stake in Good Host and the latter has ceased to be a part of it.