Edelweiss Group sells off stake in insurance broking business to Gallagher

Edelweiss Group sells off stake in insurance broking business to Gallagher

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, Central Bank of India expand co-lending partnership

Edelweiss Retail, Central Bank of India expand co-lending partnership

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 […]

Pacific Alliance Group to take majority stake in Edelweiss Wealth Management

Pacific Alliance Group to take majority stake in Edelweiss Wealth Management

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 […]