Edelweiss Group locks partnership with PAG with investment in Edelweiss Wealth Management

Edelweiss Group, India’s leading diversified financial services conglomerate and PAG, a leading Asia-focussed investment group announced PAG's private equity strategy's investment in Edelweiss Wealth Management (EWM). 

This partnership is expected to unlock long-term value for shareholders and boost business growth. The investment made by PAG in EWM is worth Rs 2,366 crore, including primary and secondary investments. PAG will also be acquiring the entire ownership of prior investors in EWM namely, Kora Management (Kora) and Sanaka Capital (Sanaka), recording the stake to be 61.5 per cent. Edelweiss will continue to hold a 38.5 per cent stake in EWM as earlier decided, with the flexibility to increase it further to up to 44 per cent.   

Infusion of PAG's primary capital into the business will fuel the equity base and also provide growth capital & opportunities. The procedure towards demerger and eventual listing of the business will be worked upon by PAG and Edelweiss thereby, opening paths to unlock value. Combining PAG's global know-how and strategic guidance, Edelweiss aims to expand its market dominance and head towards a transformative journey ahead. 

Edelweiss Financial Services Ltd is a diversified financial services provider while PAG is a leading Asia-focussed private investment manager, which includes strategies related to private equity, private debt, real estate & hedge funds. 

On Wednesday, the share of Edelweiss Financial Services opened at Rs 80.80, which is 1.04 per cent lower on BSE.