WestBridge Capital to acquire 15% stake in Edelweiss asset management in a ₹450 cr deal

Edelweiss Financial Services Limited (EFSL) announced on Friday (August 22nd) that Westbridge Capital had purchased a 15 percent stake in the company. La450 Crore according to the company statement. This will value the asset management company around La3,000 crore.

“The agreement is useful for all stakeholders, and now it comes to the Edelweiss Investment Fund (MF) at a suitable time, since it is now going to the next stage of growth,” he said. Edelweiss Asset Management is the asset manager of Edelweiss Investment Fund.

Radhika Gupta, CEO of Edelweiss, received X (formerly called twitter) to announce the development and “I am happy to share that Westbridge Capital received 15% stake in Edelweiss MF. This is the vote of trust in the dreams we have built and the future.