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EDELWEISS WEALTH ACQUISITION
PE groups Permira, CVC Cap, EQT in fray to buy Nuvama Wealth from PAGPrivate equity firms like CVC Capital and Permira are vying for PAG's controlling stake in Nuvama Wealth Management, potentially a $1.6 bil...
Warburg Pincus to evaluate buying majority stake in Nuvama Wealth: ReportWarburg Pincus may acquire a majority stake in Nuvama Wealth Management as PAG looks to sell its 54% holding, valued at $1.6 billion. JPMor...
UBS weighs wealth tie-up to compete in cutthroat Indian marketUBS Group AG is considering partnerships for wealth management in India to navigate the competitive market. Options include buying a stake ...
Mango Millionaire: Radhika Gupta announces new book on investingMango Millionaire simplifies financial concepts, offering clear and practical answers to your everyday money concerns. Covering topics from...
Blackstone buys ASK, plans to tap global ties to grow Indian companyThe Blackstone Group has completed the acquisition of a 71% stake in ASK Investment Managers, with private equity firm Advent International...
The IPO sale is still on: 7 cos plan to raise over Rs 19,000 crore in DecStar Health's issue is opening on Tuesday, while software companies CE Info Systems and RateGain Travel, as well as Anand Rathi Wealth will...
Edelweiss divests stake in insurance brokerage arm to Arthur GallagherThe business will transition to the Gallagher brand in the coming months. Edelweiss Group will focus on growing its life and non-life insur...
Corporate profit will show uptick for next 4-5 years: Rashesh Shah“The total capital we have raised from two transactions in Wealth and insurance broking business is close to Rs 2,500 crore. About half wil...
Adani adds more billions to his wealth than 19 peers, closing in on AmbaniAmong the 20 Indian billionaires on Bloomberg Billionaire Index, Adani's fortunes have risen by $35.2 billion in 2021 so far, compared with...
PAG increases stake in Edelweiss Wealth to 61.5% for Rs 2,900 crPAG has bought out two existing investors for around Rs 500 crore for a 10 per cent stake they held in the third largest player in the Rs 3...
Edelweiss has been like a joint family, now every business has to stand on its own: Rashesh Shah'We started the Edelweiss wealth management business about 20 years ago when we acquired a company called Rooshnil for about Rs 8 crore. To...
More well-capitalised you are, the stronger you will be post-Covid: Rashesh Shah‘We have tried to estimate the Covid impact, and also take it in Q4’
Edelweiss arm set to buy two realty funds from Milestone Capital AdvisorsEdelweiss Alternative currently manages seven funds which invest in sectors such as infrastructure, real estate and distressed debt.
Edelweiss plans $1.6 billion bad loan playThe fund raising comes as fresh slippages in the Indian banking sector were at a quarterly high of Rs 2.28 lakh crore at the end of March, ...
Edelweiss calls off deal to acquire Religare SecuritiesEdelweiss Group's wealth management unit had in December said it would acquire the Religare Securities.
Religare Enterprises, Edelweiss surge up to 5% on broking biz dealAs per the deal, Edelweiss will also take on the pan-India distribution of around 1,250 points of presence.
Edelweiss in talks to buy Religare’s broking armThe deal will involve acquisition of Religare Securities’ 13 lakh clients and 2,300 employees.
Essel Finance acquires Bimadirect operator for Rs 25-30 croreThe transaction is being carried out in two tranches: it comprises an upfront payment of 75% of deal value and the rest in milestone paymen...
Edelweiss Asset Management to acquire JP Morgan’s Mutual FundEdelweiss Group is well known for its robust risk management systems and processes, with proven leadership in the Equity and Fixed Income s...
Financial services companies diversify business to minimise risksCentrum Capital, promoted by Chandir Gidwani, has beefed up its lending activities and recently capitalised and started a NBFC.