Edelweiss hires Nomura for mutual fund unit stake sale
Mon, Nov 25, 2024 10:35 AM

Edelweiss hires Nomura for mutual fund unit stake sale

A Flip by Avya Verma
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Edelweiss Financial Services Ltd. has hired Nomura Holdings Inc. to help find a buyer for a minority stake in its mutual fund business, according to people familiar with the matter. The Mumbai-based financial services group is exploring a sale of a 25% to 35% stake in the unit, the people said, asking not to be identified because the deliberations are private.

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