On August 22, Edelweiss Financial Services Limited (EFSL) announced that WestBridge Capital will acquire a 15% stake in the company for ₹450 crore, valuing Edelweiss Asset Management at approximately ₹3,000 crore. This strategic investment is seen as timely support for Edelweiss Mutual Fund (MF) as it enters a new phase of growth. Radhika Gupta, CEO of Edelweiss MF, shared the news on X (formerly Twitter), calling it a major milestone and a strong vote of confidence in the company’s journey and future ambitions. The deal is subject to regulatory approvals from SEBI, the Competition Commission of India, and other customary clearances. Nomura acted as the exclusive financial advisor to EFSL, while Khaitan & Co. and Trilegal provided legal counsel to EFSL and WestBridge, respectively. Edelweiss MF, a core EFSL business, reported assets under management of ₹1.52 lakh crore as of June 30, 2025, with a 44% CAGR over five years and a Q1 FY25-26 profit of ₹28 crore. It now ranks 13th in the industry, up from 36th a decade ago.
