Edelweiss Financial Services’ wholly owned subsidiary -- Edelweiss Asset Management Company -- has, on November 25, 2016, after obtaining the necessary regulatory approvals, completed the acquisition of the onshore fund schemes managed by JPMorgan Asset Management India including its India based onshore mutual fund business and the international fund of funds.
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.