Corporate News     13-Dec-21
Edelweiss Group increases its stake in Edelweiss Wealth Management to 44.16%
Edelweiss today announced that it has increased its stake in its associate company – Edelweiss Wealth Management (EWM) to 44.16%. As a part of the agreement outlined last year, when PAG acquired a majority stake in the business, Edelweiss had the option to increase its stake by ~5%. Exercising that option, the Group has now acquired additional 5.28% stake, taking its stake in EWM from 38.88% to 44.16%. PAG-the world's largest Asia-focused investment groups continues to be the majority shareholder in EWM with 55.84 % stake.

The demerger process for Edelweiss Wealth Management is underway and progressing as planned in a phase-wise manner.

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