Brief: Edelweiss Financial Services Says PAG Makes Investment Of About 23.66 Bln Rupees In Edelweiss Wealth Management

Edelweiss Financial Services

23/03/2021 08:34

March 23 (Reuters) - Edelweiss Financial Services Ltd
 EDEL.NS :
    * EDELWEISS FINANCIAL SERVICES LTD SAYS  PAG HAS MADE AN
INVESTMENT OF ABOUT 23.66 BILLION RUPEES IN EDELWEISS WEALTH
MANAGEMENT
    * EDELWEISS FINANCIAL SERVICES LTD SAYS PAG AND EDELWEISS
WILL
WORK TOGETHER TOWARDS DEMERGER AND EVENTUAL LISTING OF BUSINESS
    * EDELWEISS FINANCIAL SERVICES - EDELWEISS TO CONTINUE TO
HOLD
ABOUT 38.5% STAKE IN EWM, WITH OPTION TO INCREASE IT FURTHER TO
UP TO ABOUT 44%.
    * EDELWEISS FINANCIAL SERVICES -  PAG ACQUIRING ENTIRE
OWNERSHIP
OF PRIOR INVESTORS IN  EDELWEISS WEALTH MANAGEMENT, TAKING STAKE
TO ABOUT 61.5%.

Source text for Eikon:  ID:nBSEblN6c8 
Further company coverage:  EDEL.NS 

 ((Reuters.Briefs@thomsonreuters.com;))