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Edelweiss Group (Edelweiss) announces completion of a strategic
investment by PAG in Edelweiss Wealth Management consequent to receipt of all regulatory approvals and closure of all formalities.
Transaction Highlights:
• PAG has made an investment of ~Rs 2,366 crore in EWM, including primary and
secondary investment.
• Pursuant to these transactions, PAG Group and EFSL will be the shareholders in EWM, of
which PAG will hold a controlling stake.
• EWM reported Revenues of Rs 880 crore and Profit after Tax of Rs 180 crore for the
nine-month period ended 31 December 2020.
• The primary capital infusion in the EWM business from PAG will further strengthen the
equity base of EWM and ensure availability of growth capital.
• Edelweiss and PAG will continue to work together towards value unlocking through
demerger and listing of EWM business.
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