
Mutual fund business: Strategic stake sale
Edelweiss has engaged Nomura to facilitate the sale of a minority stake in its mutual fund arm, Edelweiss Mutual Fund. The company is exploring the sale of a 25% to 30% stake. Potential investors include major global asset managers, with discussions reportedly underway with firms such as Fidelity, Capital Group, Northern Trust, State Street Global, and Legal & General. Sources also indicate that the company has received positive interest from a large U.S. mutual fund.
Alternative asset advisory: IPO plans
Edelweiss Alternative Asset Advisors (EAAA), a wholly-owned subsidiary of Edelweiss Financial Services, plans to refile its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of up to ₹1,500 crore. The offering will be an offer for sale (OFS) by Edelweiss Securities & Investments.
The IPO is expected to launch by December 2025, subject to regulatory approvals and market conditions.
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(Edited by : Anshul)
First Published:Â May 26, 2025 2:43 PM IST