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Edelweiss valued at Rs 12,873 crore as Shah eyes listings
Livemint··7 Sept
Edelweiss Financial Services is listed at about Rs 12,873 crore, chairman Rashesh Shah said. Nuvama Wealth Management, listed in 2023, now has a market cap of Rs 33,448 crore. EAAA India Alternatives has fee-paying assets under management of Rs 48,623 crore and filed a Rs 1,500-crore offer for sale in January. The group incubates financial services businesses before listing them.
Prism
What It Means For You
- Edelweiss shareholders received 30% of Nuvama shares when that firm listed.
- Carlyle Group will acquire housing loan unit Nido Home Finance in a Rs 2,100-crore deal.
- Seven key businesses sit under the listed Edelweiss entity.
What's Happening
- Shah said the group sees itself as an investment house and incubator.
- EAAA invests in real assets and private credit, including special situations funds.
- Amit Agarwal, CEO of EAAA India Alternatives, said about 75-80% of private credit AUM is special situations.
Edelweiss shareholder exposure to new listings
- Edelweiss incubation track record
- Shah cited Nuvama as proof of building and then offloading investments.
- Singapore-based PAG bought a majority stake in Nuvama in 2021 and remains promoter.
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