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Edelweiss to sell up to 20% stake in arm
Mint Mumbai
|December 19, 2023
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.
Dit verhaal komt uit de December 19, 2023-editie van Mint Mumbai.
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