Edelweiss Financial Services has transferred the remaining 9% of the stake held by the company in Gallagher Insurance Brokers (GIBPL) to Arthur J. Gallagher & Co (AJG) on March 14, 2022. Consequently, the company has transferred its entire shareholding in GIBPL to AJG.
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.