WestBridge Capital, a global investment firm with over $7 billion AUM, is making its entry into India’s mutual funds industry by acquiring a 15% stake in both Edelweiss Asset Management Limited and Edelweiss Trusteeship Company Limited for a total consideration of ₹450 crore (~$51.4 million), valuing the mutual fund business at around ₹3,000 crore. The deal is subject to approvals from SEBI and the Competition Commission of India (CCI).

Also Read: Jeh Aerospace Raises $11 Million in Series A — Saraf & Partners, Cooley, SAM, and Goodwin Procter Advise

Deal Overview

Legal Counsel & Deal Teams

Trilegal — Counsel to WestBridge Capital

• Lead Partner: Arjun Ghose

• Counsel: Ishika Goon

• Senior Associates: Aishwaria Ramanan, Mohammed Khalfan, Anushree Garg

• Associates: S Sivakumar, Krithika Bhandari, M Yogish, Gayatri Puthran, Abhinav P Nair

Support Teams:

• Financial Regulatory: Partners Shruti Rajan, Anubhav Ghosh; Counsel Sanjana Rao; Senior Associate Drishti Kapadia; Associates Harsh Devpura, Yash Sangani

• Competition Law: Partner Gauri Chhabra; Counsel Gargi Yadav; Senior Associate Ujwala K Adikey; Associates Bhabya Mahapatra, Anjana Ravikumar, Shreya Chaudhary

• Labour & Employment: Partner Veena Gopalakrishnan; Senior Associate Vinduja Menon; Associates Keerthanaa B, Khushi Agrawal

• TMT: Partner Jyotsna Jayaram; Senior Associates Sindhu A, Prabal De; Associates Karthik Rai, Joseph Antony Paddikala

Khaitan & Co — Counsel to Edelweiss Group Entities

• Core Team: Partners Kartick Maheshwari, Saswat Subasit, Vidushi Gupta; Counsel Ritika Vardhan; Principal Associate Kaushik Babu; Senior Associates Saranya Mishra, Utsav Mitra; Associate Pavitra Khaitan

Support Teams:

• Legal & Regulatory Diligence: Associates Alankrita Singh, Khushi Sharma

• Employment Law Diligence: Partner Anshul Prakash; Principal Associate Kruthi Murthy

• Competition Law: Partner Anisha Chand; Senior Associate Rishabh Vohra; Associate Aujaswi Maken

• SEBI & Regulatory Matters: Partner Vivek Mimani; Principal Associate Khusboo Agarwal; Senior Associate Samarth Chopra

• Documentation / Execution: Associates Sanjana Dwivedi, Poojita Saxena

Strategic Context & Significance

• AUM Growth Momentum: Edelweiss Mutual Fund has crossed ₹1.52 lakh crore AUM as of June 30, 2025, achieving an impressive 44% CAGR over the past five years, with equity AUM growing 53% over the period.

• Market Positioning: The AMC has moved from the 36th to the 13th rank in India’s mutual fund landscape over the past decade.

• Valuation: The stake acquisition is at a 57x P/E, aligning with industry standards of 30–60x for asset management businesses.

• Strategic Alignment: The partnership brings WestBridge’s capital and governance expertise to fuel product innovation, scale-up initiatives, and greater institutionalization of Edelweiss Mutual Fund.

• Sectoral Implication: This move underscores growing investor confidence in India’s mutual fund sector, which continues to deliver strong net inflows and retail penetration, supported by growth drivers like the SIP ecosystem and fund industry reforms.

Why It Matters

• Validation of Growth Strategy: Investor interest from a global firm like WestBridge reinforces Edelweiss’s strategic growth trajectory.

• Institutionalization Push: The deal injects both capital and seasoned governance, helping the AMC navigate its next growth phase.

Key Takeaway

WestBridge Capital’s strategic entry into Edelweiss Mutual Fund marks a milestone in India’s mutual funds industry, combining capital strength with operational scale to support Edelweiss’s growth ambitions, backed by a strong AUM track record and investor confidence.

Also Read: Vikram Solar Limited Raises ~₹2,079.37 Crore via IPO — Khaitan & Co, Trilegal & Linklaters Advises

For more legal deal updates and analysis, stay tuned to TheCourtroom.in

Disclaimer

This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.