Edelweiss Financial explores minority stake sale in MF unit
Business Standard|November 26, 2024
May value the business at $700-$800 million
ABHISHEK KUMAR
Edelweiss Financial explores minority stake sale in MF unit

Edelweiss Financial Services is looking to sell a minority stake in its mutual fund (MF) arm. The company has initiated the process by hiring an investment banker.

"To further strengthen our international business, we are open to exploring opportunities with minority strategic partners, ensuring there is a strong alignment in values and vision," said Radhika Gupta, managing director and chief executive officer of Edelweiss MF.

The company also has plans to list Edelweiss MF and other businesses on exchanges in the coming years.

هذه القصة مأخوذة من طبعة November 26, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 26, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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