Westbridge Capital Partners to acquire a 15% stake in Edelweiss Asset Management and Edelweiss Trusteeship Company from Edelweiss Group for $51m.

Westbridge Capital Partners, a private equity firm, agreed to acquire a 15% stake in Edelweiss Asset Management, an asset manager, and Edelweiss Trusteeship Company, a trustee, from Edelweiss Group, an investment and financial services company, for $51m. “Edelweiss MF has scaled rapidly through focused execution -consistent fund performance, product innovation, and widening distribution strength. We are delighted to partner with WestBridge Capital - a like-minded and long-term partner - whose strategic insights and ecosystem will accelerate our next phase of growth. The mutual fund opportunity in India is just taking off and we are confident that we can build Edelweiss MF into one of India's most admired asset managers,” Radhika Gupta, Edelweiss MD & CEO.