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Edelweiss hires Nomura for mutual fund unit stake sale

By Economic Times - 2 days ago
Edelweiss Financial Services Ltd. has engaged Nomura Holdings Inc. to assist in finding a buyer for a minority stake in its mutual fund business. The company is looking to sell 25% to 35% of the unit, with a potential valuation of $700 million to $800 million for the entire business.

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