M&A

M&A

Edelweiss to demerge & list wealth management unit separately

Business Line  

Edelweiss Wealth Management (EWM), a non-bank wealth management firm, will list its shares in stock exchanges by December or latest by January 2023. The listing will happen through the demerger of EWM from EWM holding company (Edelweiss Securities, which was a subsidiary of Edelweiss Financial Services). The demerger is being undertaken to unlock value for shareholders. EWM, which operates across client segments from affluent to ultra-high net worth, is eyeing 22-25 % CAGR in client assets over a 4-5 year period. EWM has client assets of about INR 2 lakh crore with 2,500-3,000 HNI families and 8 lakh ‘affluent' clients in its books.