Edelweiss Group

WestBridge Capital to acquire 15% stake in Edelweiss Asset Management

Edelweiss Financial Services Ltd (EFSL) on Friday said global investment firm WestBridge Capital is acquiring a 15 per cent stake in Edelweiss Asset Management for Rs 450 crore. This transaction valued the asset management company at around Rs 3,000 crore. The deal is beneficial for all stakeholders and comes at an opportune time for Edelweiss Mutual Fund (MF), as it now shifts into the next phase of growth, Edelweiss Financial Services said in a statement. "For EFSL, this transaction underscores the objective of value creation and value unlock journey in the MF business; for Edelweiss MF, it strengthens the growth trajectory and the path to being an institutionalised independent business; and for WestBridge, it marks a strategic entry into a high-growth, well-governed MF business with proven leadership and scale potential," it added. Edelweiss Mutual Fund, one of the key businesses for Edelweiss Financial Services (EFSL), had total assets under management of Rs 1.52 lakh crore as

Capital gains tax changes may impact investment behaviour: Rashesh Shah

Buyback and tax-free dividend had a gap and an equalisation was needed. Volumes in F&O trading had gone up rapidly and, in a way, the increase in STT on F&O will protect investor interest, he said

Electoral bonds: Four financial service firms bought bonds worth Rs 87 cr

Electoral bonds: SBI has issued electoral bonds worth Rs 16,518 crore in 30 tranches since the inception of the scheme in 2018

Edelweiss Financial Services to raise up to Rs 200 crore via NCDs

At least 75% of the funds raised will be used for the purpose of repayment/prepayment of interest and principal of existing borrowings of the company

Sebi raps Edelweiss Broking for not reporting suspicious activity

The matter is related to dematerialisation and sale of shares in dormant accounts using forged documents by certain entities between 2008 and 2013

L&T, CPPIB divest stake in L&T Infra Projs to Edelweiss SPV for Rs 2,723 cr

Enterprise value pegged at Rs 6,000 crore; portfolio includes 8 roads and one power transmission asset; deal closure likely by end of FY23

Edelweiss to slash wholesale loan book to Rs 2,900 crore in 2 years

In a filing with BSE, the company said improved macro environment and sell-down capabilities were driving faster book reduction

Nestle India could sustain sales growth outperformance in coming quarters

Near-term margins, however, may remain under pressure

Bharat Bond ETFs cross Rs 50,000 crore AUM mark, says Edelweiss MF

Milestone achieved within three years of launch of first tranche

Ontario Teachers' opens India office, hires Keki Mistry as advisor

The Mumbai office will target investments in India across all asset classes, including public and private equities, infrastructure, real estate, credit and venture and growth equity

Edelweiss General Insurance's Group Health Policy includes LGBTQ+ community

Edelweiss General Insurance Includes LGBTQIA+ Community for its Group Health Insurance Policy

Edelweiss MF dismiss report of business sale, term reports as 'baseless'

We remain excited about the prospects of this business and remain committed to investing in its growth, said Edelweiss MF CEO

With earnings risk, valuations aren't really compelling: Edelweiss Fin head

In a Q&A, Aditya Narain says India's valuations have come off but are still more expensive than other markets. Also, downward pressure on earnings makes the environment uncertain

Edelweiss group partners Indian Bank for co-lending to priority segment

Diversified financial group Edelweiss on Monday said Edelweiss Housing Finance Ltd and ECL Finance Ltd have entered into co-lending partnership with Indian Bank for lending to priority sector areas.

Edelweiss increases stake in Edelweiss Wealth Management to 44.16%

Diversified financial group Edelweiss on Monday said it has increased its stake in its associate company -- Edelweiss Wealth Management (EWM) to 44.16 per cent. PAG, a leading Asia-focused investment group, continues to be the majority shareholder in EWM with 55.84 per cent stake. "As a part of the agreement outlined last year, when PAG acquired a majority stake in the business, Edelweiss had the option to increase its stake by nearly 5 per cent. Exercising that option, the group has now acquired an additional 5.28 per cent stake, taking its stake in EWM from 38.88 per cent to 44.16 per cent," it said in release. EWM services about 750,000 affluent & HNIs and about 2,600 of India's wealthiest families. It manages Rs 1.8 trillion of customer assets. Edelweiss Wealth Management has reported a strong performance this fiscal, with an 18 per cent growth in revenue and 69 per cent growth in profit after tax on a quarter-on-quarter basis, Edelweiss said. "With a significant growth runway

Edelweiss arm looks to launch new credit funds in 2021 to tap demand

The short-duration credit fund, which will be an alternative investment fund, targets to raise Rs 2,000 crore

Corporate affairs ministry probes irregularities at Edelweiss' ARC Arm

The corporate affairs ministry is inspecting books of accounts at the financial services firm

Edelweiss alt investment arm raises $900 mn in largest funding this year

Investors include Ontario Teachers' Pension Plan Board, Florida's State Board of Administration, Swedish Pension Fund - AP4 and a European insurance investor

Edelweiss 'looks to do an HDFC--scale up and list': Group chief Shah

This financial year will be a washout; businesses are keeping an eye on what happens post March 2021: Rashesh Shah, chairman and CEO of Edelweiss group.

Edelweiss realty fund invests Rs 1,550 cr in projects in Mumbai, NCR

The investments are structured debt deals, with expected internal rate of return (IRR) of 16-19.7 per cent