Firm Matters
BackKhaitan & Co advised Edelweiss Financial Services Ltd, Edelweiss Asset Management Ltd, and Edelweiss Trusteeship Company Ltd on WestBridge Capital’s proposed acquisition of a 15% stake in each of Edelweiss Asset Management Ltd (i.e., the asset manager of Edelweiss Mutual Fund) and Edelweiss Trusteeship Company Ltd (i.e., the trustee of Edelweiss Mutual Fund), for a consideration of INR 450 crores (approximately USD 51.4 million).
This transaction marks WestBridge Capital’s entry in the mutual funds sector in India. Edelweiss Mutual Fund is one of the key businesses of Edelweiss Financial Services Ltd and Edelweiss Asset Management Ltd is one of India’s fastest growing AMCs. As of 30 June 2025, Edelweiss Mutual Fund had a total AUM of INR 1,52,200 crores, reflecting a 44% CAGR over the last 5 years. The completion of this transaction is subject to receipt of approvals of the Securities and Exchange Board of India, the Competition Commission of India, and other customary approvals and closing conditions.
Deal Team
The core team consisted of Kartick Maheshwari (Partner), Saswat Subasit (Partner), Vidushi Gupta (Partner), Ritika Vardhan (Counsel), Kaushik Babu (Principal Associate), Saranya Mishra (Senior Associate), Utsav Mitra (Senior Associate), and Pavitra Khaitan (Associate).
The deal was assisted by:
Corporate and Commercial: Alankrita Singh (Associate) and Khushi Sharma (Associate).
Employment, Labour and Benefits: Anshul Prakash (Partner), Kruthi Murthy (Principal Associate).
Competition / Antitrust: Anisha Chand (Partner), Rishabh Vohra (Senior Associate) and Aujaswi Maken (Associate).
Funds: Vivek Mimani (Partner), Khusboo Agarwal (Principal Associate) and Samarth Chopra (Senior Associate).
Corporate and Commercial: Sanjana Dwivedi (Associate), Poojita Saxena (Associate).
