Edelweiss Financial shares jump over 1% on plans to sell minority stake in MF arm

Edelweiss Financial share price: Edelweiss Financial Services' shares rose after the company announced plans to sell a minority stake in its mutual fund business. The firm aims to divest 25-35% for a $600 million valuation, seeking a strategic partner. While appointing an advisor, Edelweiss clarified its commitment to enhancing shareholder value through stake sales or listings, echoing previous statements about value unlocking.