Edelweiss Group

Enterprise value pegged at Rs 6,000 crore; portfolio includes 8 roads and one power transmission asset; deal closure likely by end of FY23

In a filing with BSE, the company said improved macro environment and sell-down capabilities were driving faster book reduction

Near-term margins, however, may remain under pressure

Milestone achieved within three years of launch of first tranche

The Mumbai office will target investments in India across all asset classes, including public and private equities, infrastructure, real estate, credit and venture and growth equity

Edelweiss General Insurance Includes LGBTQIA+ Community for its Group Health Insurance Policy

We remain excited about the prospects of this business and remain committed to investing in its growth, said Edelweiss MF CEO

In a Q&A, Aditya Narain says India's valuations have come off but are still more expensive than other markets. Also, downward pressure on earnings makes the environment uncertain

Diversified financial group Edelweiss on Monday said Edelweiss Housing Finance Ltd and ECL Finance Ltd have entered into co-lending partnership with Indian Bank for lending to priority sector areas.

Diversified financial group Edelweiss on Monday said it has increased its stake in its associate company -- Edelweiss Wealth Management (EWM) to 44.16 per cent. PAG, a leading Asia-focused investment group, continues to be the majority shareholder in EWM with 55.84 per cent stake. "As a part of the agreement outlined last year, when PAG acquired a majority stake in the business, Edelweiss had the option to increase its stake by nearly 5 per cent. Exercising that option, the group has now acquired an additional 5.28 per cent stake, taking its stake in EWM from 38.88 per cent to 44.16 per cent," it said in release. EWM services about 750,000 affluent & HNIs and about 2,600 of India's wealthiest families. It manages Rs 1.8 trillion of customer assets. Edelweiss Wealth Management has reported a strong performance this fiscal, with an 18 per cent growth in revenue and 69 per cent growth in profit after tax on a quarter-on-quarter basis, Edelweiss said. "With a significant growth runway

The short-duration credit fund, which will be an alternative investment fund, targets to raise Rs 2,000 crore

The corporate affairs ministry is inspecting books of accounts at the financial services firm

Investors include Ontario Teachers' Pension Plan Board, Florida's State Board of Administration, Swedish Pension Fund - AP4 and a European insurance investor

This financial year will be a washout; businesses are keeping an eye on what happens post March 2021: Rashesh Shah, chairman and CEO of Edelweiss group.

The investments are structured debt deals, with expected internal rate of return (IRR) of 16-19.7 per cent

With assets of over Rs 28,000 crore under management, Edelweisse focuses on providing long term growth capital to corporates

The finance minister wants to encourage people to move from savings to consumption

The deal, expected to be closed by the first half of 2020, is estimated to help ENGIE reduce its debt by Euro 400 million

Besides, the ED is looking into the alleged irregularities in import of pulses, and the role of Edelweiss firms in the merger of ICICI Bank with Bank of Rajasthan in 2010

Shah was summoned for the second time by ED after failing to appear last week