Exclusive | Rashesh Shah to ET Now: Open to picking stake in small-fin banks, SME Fintechs

Edelweiss Group has sold off its insurance broking arm for about 750cr this is the second deals they have recently concluded the other one being Edel Wealth –PAG Group transaction. These two combined bring in about 2500cr on their books as per Rashesh Shah, Chairman of Edelweiss Group. HE says that the proceeds of these deals will be used to retire debt & ploughing back some of the money into existing businesses. In an Exclusive chat with ET NOW he also says the Group is evaluating opportunies in piking up minority stake in Small Fin Banks they are also eager for opportunities in SME led FIntech companies for synergies in their existing business. He sees M&A pick-up in retail oriented credit business in coming months. Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com