Tag: edelweiss financial services

Edelweiss Financial Services allots 12,14,863 equity shares

Edelweiss Financial Services allots 12,14,863 equity shares

18/08/2017 12:47

Edelweiss Financial Services said that it has allotted 12,14,863 equity shares under Edelweiss Employee Stock Option Scheme(s) of the Company.

“The Share Allotment Committee has today allotted 12,14,863 Equity Shares of the face value of Re. 1/- each under Edelweiss Employee Stock Option Scheme(s) of the Company,” the company said in a filing to the Bombay Stock Exchange.

Meanwhile, shares of the company were trading at Rs 249.90 apiece, down 2.08 per cent from the previous close at 12:50 hours on BSE.

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Edelweiss completes acquisition of JPMorgan’s onshore fund schemes

Edelweiss completes acquisition of JPMorgan’s onshore fund schemes

28/11/2016 15:26

Edelweiss, one of India’s leading diversified financial services company, on Monday said that its wholly owned subsidiary Edelweiss Asset Management Company has completed the acquisition of the onshore fund schemes managed by JPMorgan Asset Management India.

“Edelweiss Asset Management Company Limited, a wholly owned subsidiary of the company, has, on November 25, 2016, after obtaining the necessary regulatory approvals, completed the acquisition of the onshore fund schemes managed by JPMorgan Asset Management India Private Limited including its India based onshore mutual fund business and the international fund of funds,” said Edelweiss Financial Services in a filing to the Bombay Stock Exchange.

Meanwhile, shares of the company settled at Rs 99.80 apiece, up 5.55 per cent, from previous close on BSE.

Edelweiss Financial Q1 net zooms 53% to Rs 139 cr

Edelweiss Financial Q1 net zooms 53% to Rs 139 cr

09/08/2016 15:06

Edelweiss Financial Services has today reported a rise of 53 per cent in its consolidated net profit at Rs 139.68 crore for the first quarter ended June 30, 2016.

The company had registered a consolidated net profit of Rs 91.28 crore in the corresponding quarter of 2015-16, the company said in a filing to the Bombay Stock Exchange.

“Total income of the company during the quarter surged 27 per cent to Rs 1,472.18 crore for the quarter ended June 2016 as against Rs 1,158.78 crore in the same period a year ago.

Commenting on the performance, Edelweiss Financial Services Limited, Chairman and CEO, Rashesh Shah said, “Q1FY17 saw market sentiments improving led by optimism around the gradual return of growth. Furthermore, the Asset Quality Review process started by RBI is very positive for the economy and marks the beginning of the end of the NPA issue. Recoveries, revival, resolution all these are important aspects of that. As leaders in Asset Reconstruction business, our focus is not only in aggregating assets and finding financial restructuring plan, but also in resolving and reviving businesses.”

Meanwhile, shares of the company were trading at Rs 106.40 apiece, down 1.25 per cent from the previous close at 15:05 hours on BSE.

Equitas Holdings IPO subscribed 9 pct on Day 1

Equitas Holdings IPO subscribed 9 pct on Day 1

06/04/2016 01:15

The IPO of Equitas Holdings, the first initial public offering in the current fiscal, was subscribed 9 per cent in the first day of the offer yesterday, reported PTI.

The Rs 2,200 crore-IPO, received bids for 1,21,44,600 shares, as against the total issue size of 13,91,91,802 shares, according to data available with the NSE.

Retail investors portion was subscribed 17 per cent.

Equitas has raised Rs 652 crore from anchor investors.

Equitas Holdings, with a licence for a small finance bank, has fixed the price band at Rs 109-110 per share. The initial share sale programme will close on April 7.

Equitas’ IPO comprises fresh issue of shares aggregating Rs 720 crore and an offer for sale of up to 132,425,884 equity shares by existing shareholders, including P N Vasudevan, MD, and private equity stakeholders.

The IPO will bring down the company’s foreign holding from the present 93 per cent to 35 per cent.

As per the norms, foreign shareholding should be below 49 per cent to operate as a small finance bank.

Axis Capital, ICICI Securities, HSBC and Edelweiss Financial Services are managing the company’s IPO.