Edelweiss Financial Services Limited (EFSL) announces that WestBridge Capital is acquiring a 15%
stake for a consideration of ₹450 crores in Edelweiss Asset Management Limited (the Asset
Manager of Edelweiss Mutual Fund.
Edelweiss Mutual Fund (Edelweiss MF) is one of the key businesses for EFSL and currently
manages ₹72,600 crores of Equity AUM which has grown by 53% over the last 5 years. Edelweiss
MF had a Profit after tax of ₹53 crores for FY25.
The current transaction values the business at 57x P/E which aligns with industry benchmarks of 30x to 60x. This transaction is beneficial for all stakeholders and comes at an opportune time for Edelweiss MF as it now shifts into next phase of growth.
Edelweiss MF, one of India’s fastest-growing AMCs and WestBridge Capital is a global investment firm with over $7 billion in assets under management.
