InvestorQ : Is Edelweiss looking to sell a stake to large investors?
Khushi Patel made post

Is Edelweiss looking to sell a stake to large investors?

Answer
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Anjana Aiyar answered.
3 months ago


In fact, a clutch of PE investors like Blackstone and KKR as well as the Bank of Singapore may be all set to bid for Edelweiss Global Investment Advisors. The investment advisory business is valued at close to $1 billion and they are looking to monetize up to 20% stake in the business.

Edelweiss is currently battling rising bad loans and liquidity challenges in the ARC business. At present the PE funds are in the process of doing due diligence of the books. Edelweiss Global has assets under advice of Rs.1.11 trillion while the Edelweiss AMC has an AUM of Rs.25,000 crore. The exact terms of the deal are not yet known.