Private Equity

Liquidity Events

Edelweiss buys a 5.3% in wealth management unit for Rs.230-Cr

BSE Announcement  

Publicly-listed Edelweiss Financial Services has bought a 5.28% stake in Edelweiss Wealth Management (EWM) by investing INR 230 crore, thus increasing its stake to 44.16%. PE investor PAG continues to be the majority shareholder in EWM with a 55.84% stake. The latest transaction is as per the 2020 agreement when PAG had acquired a majority stake in EWM.