News on Medial

Edelweiss prepares to list its alternatives arm

LivemintLivemint Ā· 1m
Edelweiss prepares to list its alternatives arm

- Edelweiss Financial Services Limited is preparing to list its subsidiary Edelweiss Alternative Asset Advisors Limited (EAAA) in the first IPO in the Indian private capital segment. - The IPO is likely to be predominantly an offer for sale and is aimed at reducing the parent company's debt. - Axis Capital is advising on the issue and the company is expected to file its draft papers in a few months. - EAAA manages private investment vehicles across various sectors and had assets worth ā‚¹56,342 crore at the end of June 2024. - The move to list EAAA follows a previous announcement by Edelweiss about selling a stake in its alternatives arm to retire debt at the parent level. - Edelweiss Financial Services' net debt decreased by 17% to ā‚¹12,700 crore at the end of Q1FY25.

Comments

Download the medial app to read full posts, comements and news.