Talks have been underway for more than a year to sell a stake in the leasing unit.
PNB is spearheading the Sime Darby demerger into three separate businesses by the end of this month to unlock value.
KWAP put $30m into Uber last year as its first foreign, disruptive-tech investment.
IPOs & Markets
Edra was formerly owned by state fund 1MDB and was seeking a $1-3 billion IPO.
Petronas said the sale would allow it to cut its capital spending budget.
Under the reorganisation, the investment holding function and the Malaysian airline business will be separated.
The businesses will be listed after a restructuring that would create three standalone units.
Stake sale is part of ANZ's strategy to divest minority stakes in Asia.
It raised 3.77b ringgit ($878m) in the IPO - the largest in Malaysia since 2012.
Firm had earlier slashed its IPO size due to lukewarm investor interest.
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