Edelweiss Sells 10% Stake in Asset Management Business to WestBridge Capital
2 hours agoBusiness
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Edelweiss Sells 10% Stake in Asset Management Business to WestBridge Capital

Edelweiss Financial Services has completed the sale of a 10% stake in its asset management business to WestBridge Capital. This is part of a larger deal where WestBridge will acquire up to 15% for ₹450 crore. The transaction, valued at approximately ₹3,000 crore, involved transferring shares to WestBridge affiliates. Regulatory approvals from India's competition and market regulators have been secured. The full transaction is anticipated to conclude by March 2026, with the remaining stake to be transferred as per agreements.

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