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Edelweiss arranges match with PAG to list wealth management unit

Asian investment manager PAG has taken a majority stake in Edelweiss Wealth Management and plans to list the Indian wealth manager to benefit from the emergence of the US$4 trillion Indian wealth management industry as one of the world’s fastest-growing, despite the COVID-19 pandemic. PAG has made an investment of about US$325 million in Edelweiss WM, including primary and secondary…

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