After rising 3.87 per cent to Rs 60.30 in intra-day trade, shares of the company later trimmed some of the gains on profit-booking and finally ended at Rs 59.10, up 1.81 per cent on BSE.
At NSE, shares of the company rose by 1.71 per cent to settle at Rs 59.15.
In terms of volume, 3.26 lakh shares of the company changed hands at BSE and over 14 lakh shares were traded at NSE during the day.
Though the companies did not reveal the deal size, citing confidentiality, market sources said the Wall Street major netted around Rs 110 crore from the deal.
Edelweiss will acquire all onshore fund schemes managed by JP Morgan AMC India including country-based onshore mutual fund business and the international fund of funds.
Meanwhile, the broader market also depicted a highly volatile trend where the BSE Sensex ended flat at 25,337.56, up 7.07 points.