Edelweiss Hires Nomura for Mutual Fund Unit Stake Sale

By Yahoo! Finance   |   1 year ago
Edelweiss Hires Nomura for Mutual Fund Unit Stake Sale

Edelweiss Financial Services Ltd. has hired Nomura Holdings Inc. to find a buyer for a minority stake in its mutual fund business, seeking a valuation of $700-800 million. Potential global asset managers are being considered as buyers.

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