US-based Kora Management to invest Rs 875 crore in Edelweiss Group

The investment by Kora Management is a part of Edelweiss' plan to separate its three businesses -- credit, advisory and insurance -- into distinct entities

Kora Management, an investment firm focused on the financial and technology sector, will invest Rs 875 crore ($125 million) in domestic financial services conglomerate Edelweiss. 

The New York-based investment company will initially invest Rs 525 crore ($75 million) in Edelweiss’ advisory business, which contributes nearly half of the group’s bottom line. 

Kota will invest the remaining Rs 350 crore ($50 million) at a later stage — the structure of which is being finalised. The Edelweiss group is eyeing total investment of Rs 1,400 crore ($200 million) for advisory business — which comprises asset reconstruction, wealth and asset management and capital markets.  The