US-based Kora Management is planning to invest up to $125 million in the Edelweiss Group. Kora Management, an investment firm focused on the financial and technology sectors across emerging markets, and an existing long-term investor in Edelweiss, has committed to invest $75 million in the advisory business, Edelweiss Global Investment Advisors (EGIA) subject to structuring-related milestones.
Kora plans to make a further investment of $50 million in the company, the timing and structuring of which is being finalized.
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.