Employees of more companies seem to be looking to buy out promoter stakes

Financial services and asset management firms see such more buyouts

The employees of more companies seem to be writing cheques to buy out promoter stakes. 
 
Wadhawan Global Capital, the parent company of Dewan Housing Finance Corporation, has been in talks with its wealth management arm’s employees for a buyout of WGC Wealth, according to two sources familiar with the matter. The firm has garnered assets worth around Rs 2,000 crore, according to wealth management tracker Asian Private Banker.
 
In another instance, Swapnil Pawar, now the founder of Asqi Advisors, bought out the India arm of a US-based hedge fund where he was managing the domestic operations. The deal