PAG has agreed to buy a controlling stake in the wealth management and capital m...
PAG has agreed to buy a controlling stake in the wealth management and capital markets business of Edelweiss Financial Services that also includes investment banking, its first large deal in the country after setting up local base in 2019.
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PAG, among the largest Asia-focussed alternative asset management firm, on Thursday said in an official statement that it is paying Rs 2,244 crore to buy a 51% stake in these businesses that will be carved out of Edelweiss subsidiary, called Edelweiss Global Investment Advisors.
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