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Edelweiss to sell up to 20% stake in arm
December 19, 2023
|Mint Mumbai
Mumbai-based Edelweiss Financial Services Ltd on Monday said it is looking to sell a minority stake in its alternative assets arm.
The financial services group aims to raise ₹1,500-2,000 crore ($180-240 million) by offloading a 10-20% stake in Edelweiss Alternative Asset Management, it said in an exchange filing.
Edelweiss said it has started the stake sale process, and expects to conclude it in the next four to five months. "We are receiving significant interest," the company said.
هذه القصة من طبعة December 19, 2023 من Mint Mumbai.
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