Edelweiss Financial one step closer to listing Nuvama Wealth Management

Edelweiss Financial one step closer to listing Nuvama Wealth Management

Edelweiss Financial Services Ltd (EFSL), an Indian investment and financial services company, has secured approval from its shareholders for the previously announced demerger of its wealth management business. Previously known as Edelweiss Wealth Management, the wealth management business post-separation will be listed as Nuvama Wealth Management Limited (NWML). In 2020, Pacific Alliance Group (PAG), an […]

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 […]