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Edelweiss Financial Services Limited ( (IN:EDELWEISS) ) has shared an update.
Edelweiss Financial Services Limited has announced the transfer of 10% of the paid-up equity share capital of Edelweiss Asset Management Limited and Edelweiss Trusteeship Company Limited to affiliates of WestBridge Capital upon receiving regulatory and necessary approvals. The remaining 5% stake will be transferred later as per existing agreements, marking progress in divesting its equity in these subsidiaries, potentially impacting its strategic focus and partnerships in the asset management domain.
More about Edelweiss Financial Services Limited
Edelweiss Financial Services Limited operates in the financial services industry, offering a range of products such as asset management, insurance, wealth management, and credit facilities. The company focuses on providing tailored financial solutions to its clients and has a strong presence in India.
Average Trading Volume: 347,028
Technical Sentiment Signal: Buy
Current Market Cap: 100.7B INR
Find detailed analytics on EDELWEISS stock on TipRanks’ Stock Analysis page.