Announced Mon, 29 Jun · 22:45 IST
Edelweiss completes 15% stake sale in EAML and ETCL to WestBridge Capital
EDELWEISS · price
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Price reaction · full curve 14 horizons · vs prior close
+3.7%1-day move
₹120.81
prior close
₹121.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.2-0.4-0.5+3.7+2.3+2.8+4.8+1.2-2.0-0.3———
Up moveDown movePending
AI summary
Edelweiss Financial Services transferred the remaining 5% stake in Edelweiss Asset Management (EAML) and Edelweiss Trusteeship Company (ETCL) to WestBridge Capital affiliates on June 29, 2026. This completes the 15% stake sale first disclosed in August 2025. Consideration was received as per the initial intimation. Edelweiss retains 85% in both subsidiaries.
Likely market impact
Partial divestment in asset management and trusteeship units to a marquee PE investor; cash inflow while retaining controlling stake.