Edelweiss Group, an Indian financial services firm, has sold its stake of 70% in Edelweiss Gallagher Insurance Brokers (EGIBL) to global insurance brokerage — Gallagher. The deal, which was announced in July 2021, has been closed following approval from the Insurance Regulatory and Development Authority of India (IRDAI). Its financial terms were not disclosed. According […]
Edelweiss Retail Finance Limited (ERFL) said that it has bolstered its existing co-lending partnership with Central Bank of India (CBoI) by signing a new memorandum of understanding (MoU). Signed under the Reserve Bank of India’s (RBI) co-lending mode (CLM), the MoU enables the two firms to considerably expand the portfolio of lending products available to […]
Asia-focused investment group Pacific Alliance Group (PAG) has signed a deal worth $300 million with Indian financial services firm Edelweiss Group to acquire a stake of 51% in its wealth management business, which operates as Edelweiss Wealth Management (EWM). Claimed to be the rank two among the non-bank wealth management businesses in India, Edelweiss Wealth […]