Edelweiss Financial Services has transferred 61% of the stake held by the Company in Edelweiss Gallagher Insurance Brokers (EGIBL) to Arthur J. Gallagher & Co. (AJG) on October 18, 2021. Consequently, AJG now owns 91% of EGIBL, as a result of which EGIBL has ceased to be the subsidiary of the Company.
Edelweiss Financial Services is primarily engaged in the business of rendering merchant banking services. The company operates in two segments – agency business and holding company activities.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.