India's Edelweiss Financial to sell stake in unit for up to $240m

India's Edelweiss Financial to sell stake in unit for up to $240m

Photo: Ramesh Pathania/Mint

India’s Edelweiss Financial Services on Monday said it has started the process of selling equity in its alternative asset management unit and plans to raise about 15 billion to 20 billion rupees ($180.69 million-$240.93 million) by a divesting 10%-20% stake.