Edelweiss Mutual Fund.
Trilegal, Khaitan & Co Advise on WestBridge Capital’s Rs 450 Crore Stake Acquisition in Edelweiss Mutual Fund: Mumbai – In a significant move within India’s burgeoning mutual funds sector, WestBridge Capital has announced its proposed acquisition of a 15% stake in both Edelweiss Asset Management Limited and Edelweiss Trusteeship Company Limited, for a total consideration of ₹450 crore (\~\$51.4 million). This marks WestBridge Capital’s strategic entry into the Indian mutual fund industry, further intensifying competition in the fast-growing sector.
The acquisition will see WestBridge Capital gaining an influential foothold in Edelweiss Financial Services Limited’s core business, Edelweiss Mutual Fund, which is one of India’s leading asset management companies (AMCs). With the transaction set to close in the coming months, this deal is poised to boost both entities’ market presence and capacity for future growth.
Edelweiss Mutual Fund has shown impressive growth, with its Assets Under Management (AUM) reaching ₹1,52,200 crore as of June 30, 2025. The AMC has demonstrated a staggering 44% compounded annual growth rate (CAGR) over the last five years, solidifying its position as one of India’s fastest-growing mutual funds.
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Westbridge Capital.
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Trilegal, a leading law firm, is advising WestBridge Capital on this landmark acquisition. The deal is being handled by Partner Arjun Ghose, with a skilled team of legal experts providing crucial support throughout the transaction process. The broader team includes Counsel Ishika Goon, Senior Associates Aishwaria Ramanan, Mohammed Khalfan, and Anushree Garg, as well as a cohort of associates contributing to various facets of the deal.
Trilegal’s financial regulatory team, led by Partners Shruti Rajan and Anubhav Ghosh, has also played a pivotal role, with counsel Sanjana Rao and senior associate Drishti Kapadia lending their expertise. The firm’s competition team, led by Partner Gauri Chhabra, ensured compliance with antitrust regulations, while the Labour and Employment and TMT (Technology, Media, and Telecom) teams also provided critical advice on employment law matters and technological considerations, respectively.
On the other side, Khaitan & Co. represented Edelweiss Financial Services Limited, Edelweiss Asset Management Limited, and Edelweiss Trusteeship Company Limited. The core team from Khaitan & Co. was led by Partners Kartick Maheshwari, Saswat Subasit, and Vidushi Gupta, alongside Counsel Ritika Vardhan and a robust team of senior associates and associates from various legal disciplines, including competition law, regulatory compliance, and employment law.
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The deal not only reflects WestBridge Capital’s confidence in the Indian mutual fund space but also underscores the growing international interest in the country’s financial services market. As the sector continues to mature, acquisitions such as this one could be a harbinger of more foreign investments aimed at capitalizing on India’s expanding middle class and investment base.
In conclusion, the transaction marks an important chapter in the evolution of both Edelweiss Mutual Fund and the broader Indian asset management industry, with WestBridge Capital poised to bring in fresh capital and strategic insight to accelerate future growth and innovation in the sector.
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