Edelweiss rises on report Bank of Singapore, global PE funds eyeing stake in arm

Edelweiss Financial Services

20/05/2020 06:35

** Shares of investment and financial services company
 EDEL.NS  rise as much as 4.93% to 42.55 rupees
    ** Bank of Singapore and several global private equity funds
including Blackstone, KKR and Apax were vying for a minority
stake in Edelweiss Global Investment Advisors, the investment
and advisory business of Edelweiss Financial Services, The
Economic Times reported  urn:newsml:reuters.com:*:nL4N2D217Y
    ** Edelweiss Financial did not immediately respond to a
request for comment on the report
    ** In Nov 2019, PE firm Sanaka Capital along with
co-investors said they would invest up to $75 mln in Edelweiss
Global Investment Advisors  urn:newsml:reuters.com:*:nFWN27S014
    ** EDEL shares have fallen about 63% this year as of last
close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))