Investor PAG will invest US$300 million (~ INR 22 billion) for a 51% stake in Edelweiss Wealth Management (EWM), the second largest non-bank wealth management (WM) business in India. Upon regulatory approvals, PAG will become a majority owner of the EWM platform of Edelweiss Global Investment Advisors. According to a news release, the WM business, including capital markets, provides WM services to…
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