Edelweiss Financial Services Ltd. is reportedly in discussions with Nomura Holdings Inc. to sell a minority stake in its mutual fund division. The Mumbai-based firm is looking to divest between 25% to 35% of the unit, with the entire mutual fund business valued at an estimated $700 million to $800 million.

This strategic move aims to attract investment and strengthen Edelweiss's position in the financial services sector.

By selling a minority stake in its mutual fund division, Edelweiss Financial Services Ltd. hopes to secure additional funding and enhance its presence in the financial services industry. The company is in talks with Nomura Holdings Inc. to divest between 25% to 35% of the unit, which is valued at an estimated $700 million to $800 million. This strategic move is part of Edelweiss's efforts to attract investment and solidify its position in the market.