Edelweiss to Sell up to 15% in AMC and Trustee Arms to WestBridge for ₹450 Crore, Eyes Closure by March 2026

Mumbai, Aug 22, 2025 — Edelweiss Financial Services Ltd (NSE: EDELWEISS; BSE: 532922) said it has signed definitive Share Purchase and Shareholders’ Agreements to sell up to 15% of the paid-up equity share capital of Edelweiss Asset Management Ltd (EAML) and Edelweiss Trusteeship Company Ltd (ETCL) to WestBridge Capital affiliates Setu AIF Trust, Konark Trust and MMPL Trust for a total consideration of ₹450 crore, subject to regulatory approvals and closing conditions.

The agreements were executed on August 22, 2025, and the company expects to complete the transaction by March 2026, subject to receipt of requisite approvals and fulfillment of closing conditions. The buyers do not belong to the promoter or promoter group, and the sale is not a related-party transaction.

Key Details and Regulatory Context

Edelweiss said the disclosure has been made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the applicable SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Subsidiary Roles

• EAML: Asset Manager of Edelweiss Mutual Fund
• ETCL: Trustee of Edelweiss Mutual Fund

Before-and-After Shareholding (If the full 15% is consummated)

• In EAML, EFSL currently holds 100%. After the transaction, EFSL’s stake would reduce to 85%, while WestBridge affiliates would hold up to 15%.
• In ETCL, EFSL also holds 100% at present. Following the deal, EFSL’s share would drop to 85%, with WestBridge affiliates acquiring up to 15%.

The figures are based on the agreement terms, which specify a potential sale of up to 15% in each entity.

Transaction Terms

• The agreement was signed on August 22, 2025.
• The deal involves a consideration of ₹450 crore for the sale of up to 15% in both EAML and ETCL.
• The buyers are Setu AIF Trust, Konark Trust, and MMPL Trust, all affiliates of WestBridge Capital.
• The transaction is subject to regulatory and other approvals, along with standard closing conditions.
• Completion is expected by March 2026.
• The deal does not qualify as a related-party transaction.
• It has not been executed under a scheme of arrangement.
• The disclosure has been made in line with SEBI’s Listing Regulations (Regulation 30) read with Schedule III, and SEBI’s Master Circular (SEBI/HO/CFD/PoD2/CIR/P/0155).

Financial Contribution of EAML and ETCL (FY25)

• As of March 31, 2025, EAML reported an income of ₹247.23 crore, contributing 2.6% to EFSL’s consolidated revenue.
• EAML’s net worth stood at ₹205.48 crore, accounting for 3.47% of EFSL’s consolidated net worth.
• ETCL reported an income of ₹0.43 crore, which was negligible in terms of contribution to the group.
• ETCL’s net worth was ₹0.69 crore, representing only 0.01% of EFSL’s consolidated net worth.

Strategic Context

Edelweiss has initiated a minority stake sale in its mutual fund management and trustee entities to a long-standing India-focused investor group. Completion is anchored to regulatory clearances and agreed closing conditions. The company did not disclose any related-party linkage and confirmed the buyers are not part of the promoter group.

REF:https://nsearchives.nseindia.com/corporate/EDELWEISS_22082025124626_ExchangeIntimation.pdf

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