Trilegal has advised global investment firm WestBridge Capital on its acquisition of a 15 percent stake in Edelweiss Asset Management for INR 450 crore, valuing the India-based mutual fund business at approximately INR. 3,000 crore. Khaitan & Co advised Edelweiss Asset Management on the deal.
The partnership marks a pivotal move in Edelweiss Mutual Fund’s growth trajectory, bringing in WestBridge’s strategic insights and long-term capital to support further scaling, product innovation, and institutionalization. Rashesh Shah, Chairman and MD of Edelweiss Financial Services, called the deal a timely value-creation milestone, while CEO Radhika Gupta said the collaboration would accelerate the fund’s next growth phase.
WestBridge’s entry underscores growing investor confidence in India’s expanding asset management sector and Edelweiss’s scalable business model. This investment highlights the continuing trend of strategic minority investments reshaping India’s financial services landscape.
The Trilegal deal team was led by partner Arjun Ghose and included counsel Ishika Goon, senior associates Aishwaria Ramanan, Mohammed Khalfan and Anushree Garg, and associates S Sivakumar, Krithika Bhandari, M Yogish, Gayatri Puthran and Abhinav Nair.
Trilegal’s financial regulatory team advising on the matter was led by partners Shruti Rajan and Anubhav Ghosh, and comprised counsel Sanjana Mohan Rao, senior associate Drishti Kapadia, and associates Harsh Devpura and Yash Sangani.
Teams led by Trilegal partners Gauri Chhabra (antitrust), Veena Gopalakrishnan (labour and employment) and Jyotsna Jayaram (TMT) also assisted on the deal.
The deal remains subject to regulatory approvals from SEBI and the Competition Commission of India.
