Edelweiss Financial Services … said that its board has approved sale of 51 per cent stake in wealth management business to Pacific Alliance Group (PAG)

— Business Today

Khaitan & Co advised Edelweiss Financial Services Limited led by a core team that was jointly led by partner Niren Patel and partner Siddharth Shah along with principal associate Rohit Jayaraman and associate Kaushiki Agarwal with assistance on due diligence aspects: corporate & commercial DD: associate Kriti Gangwar, associate Ravali Rayaprolu and associate Rohit Beerapalli; intellectual property DD: associate Nishad Nadkarni and associate Khushboo Jhunjhunwala, and employment law DD: partner Anshul Prakash, principal associate Deepak Kumar and associate Deeksha Malik. Competition Law aspects were handled by partner Anisha Chand, associate Anmol Awasthi and associate Arvind Pillai.

2020-08-27

Deal value: USD 299.3 million

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