Edelweiss Financial Services Limited has announced the transfer of 10% of the paid-up equity share capital of its subsidiaries, Edelweiss Asset Management Limited (EAML) and Edelweiss Trusteeship Company Limited (ETCL), to WestBridge Capital through its affiliates: Setu AIF Trust, Konark Trust, and MMPL Trust. This transfer follows the receipt of necessary regulatory approvals, including a 'no-objection' from the Securities & Exchange Board of India (SEBI), and the fulfillment of conditions outlined in the agreements. The consideration for this initial stake transfer has been received. The company also stated that the remaining stake of up to 5% in EAML and ETCL would be transferred to the Buyers in accordance with the executed agreements.