“The deal is beneficial for all stakeholders and comes at an opportune time for Edelweiss Mutual Fund (MF), as it now shifts into the next phase of growth,” the statement read. Edelweiss Asset Management is the asset manager of Edelweiss Mutual Fund.
The CEO of Edelweiss, Radhika Gupta took to X (formerly twitter) to announce the development, stating “I am delighted to share that Westbridge Capital is acquiring a 15% stake in Edelweiss MF. This is a special milestone – a vote of confidence in both what we have built and the dreams we have for the future.”
Outline of the deal
The transaction can be fulfilled only after the purchase is approved by the Securities and Exchange Board of India (SEBI), the Competition Commission of India and other customary approvals.
Nomura Financial Advisory and Securities (India) Private Limited acted as the exclusive financial advisor to EFSL. Khaitan & Co. acted as legal advisors to EFSL and Edelweiss MF, and Trilegal acted as legal advisor to WestBridge Capital.
Financial health of the acquired company
Edelweiss Mutual Fund, one of the key businesses for Edelweiss Financial Services (EFSL), has reached a total assets under management of ₹1.52 lakh crore as of June 30, 2025, reflecting a 44% compound annual growth rate (CAGR) over the last five years.
It had reported a profit after tax of ₹28 crore in the first quarter of FY25-26. Over a 10-year period, Edelweiss MF has moved from the 36th to the 13th position in the industry, according to the statement.
