News From Press Edelweiss Group exits insurance broking biz

Edelweiss Group exits insurance broking biz

Source: Mint Jul 3, 2021

Edelweiss Group on Friday said it has sold its entire stake in an insurance broking joint venture to existing promoter Gallagher & Co.

This will raise the stake of US-based insurance broking firm Gallagher in Edelweiss Gallagher Insurance Brokers Ltd (EGIBL) from 30% to 100%, according to a regulatory filing by Edelweiss.

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