Edelweiss Financial Services

SC rules on service tax on corporate guarantees, gives pvt firm relief

No service tax on corporate guarantees by parent company to subsidiaries in absence of consideration, it says

Edelweiss Financial board clears Rs 1,500 crore fund raising via NCD

Edelweiss Financial Services on Thursday said the board of the company has approved raising up to Rs 1,500 crore through Non-convertible Debentures (NCDs) to fund business growth. Besides, the board has also declared an interim dividend of Re 0.25 per share on the equity share of the face value of Re 1 each for the financial year ending March 31, 2023. The board in its meeting on Thursday cleared the proposal of raising of funds by way of public issue of non-convertible debentures for an amount not exceeding Rs 1,500 crore, in one or more tranches, the company said in a regulatory filing.

Edelweiss Financial Services to raise Rs 200 cr via public issue of NCDs

The company's public issue will open for subscription on Tuesday and will close on Jan. 23

Edelweiss to slash wholesale loan book to Rs 2,900 crore in 2 years

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

With earnings risk, valuations aren't really compelling: Edelweiss Fin head

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

This Rakesh Jhunjhunwala-owned stock has zoomed 19% on heavy volume

Till 02:09 pm; a combined 37.98 million equity shares representing 4 per cent of the total equity of Edelweiss Financial changed hands on the NSE and BSE.

Edelweiss Financial Services raises over Rs 456 crore via NCDs

Edelweiss Financial Services Ltd (EFSL) on Monday said it has raised Rs 456.24 crore through the issuance of non-convertible debentures (NCDs).

Edelweiss Financial Services raises Rs 400 crore through NCDs

Edelweiss Financial Services Ltd (EFSL) Monday said it has raised Rs 400 crore through issuance of non-convertible debentures (NCDs).

These five small-cap stocks may rally up to 45% in the medium-term

CDSL and NBCC have doubled so far this year, while Trident and JK Lakshmi Cement have gained 91 per cent each during the same period

Edelweiss Financial Services to sell its 70% stake in insurance broking JV

Edelweiss Financial Services on Friday said it will exit the insurance broking business by selling its 70 per cent stake in Edelweiss Gallagher Insurance Brokers Ltd for Rs 307.60 crore. "The company has entered into an agreement... to divest its entire shareholding (currently 70 per cent) in Edelweiss Gallagher Insurance Brokers Ltd, a subsidiary, engaged in the business of insurance broking to Arthur J Gallagher & Co...," Edelweiss Financial Services said in a regulatory filing. Gallagher, who previously held 30 per cent in the business, will now be acquiring all the remaining shares, taking its stake to 100 per cent, the filing added. The company said, as per the agreement 37,00,000 equity shares of Rs 10 each representing 70 per cent of the paid up share capital of Edelweiss Gallagher Insurance Brokers held by the company to be sold for a consideration of Rs 307.60 crore, in one or more tranches, in the manner as set out in the agreement. In addition to the sale consideration,

Edelweiss Fin Services reports Rs 637-cr net profit for Mar quarter

Edelweiss Financial Services on Friday reported a consolidated net profit of Rs 636.70 crore for the March 2021 quarter. The company had posted a net loss of Rs 2,281.55 crore in the year-ago same quarter. Sequentially also, there was a net loss of Rs 63 crore in the December 2020 quarter. Total consolidated income during January-March 2021 jumped to Rs 4,480.95 crore as against Rs 1,965.87 crore in the year-ago period, Edelweiss said in a regulatory filing. For the full financial year 2020-21, the non-banking financial company had a net profit of Rs 253.91 crore, in contrast to a loss of Rs 2,043.77 crore in 2019-20. Total income for the year rose to Rs 10,848.85 crore, against Rs 9,602.63 crore a year ago, the company said. The company's board of directors has approved a final dividend of Rs 0.55 per share. Total dividend for the year stands at Rs 1.45 per share, it said. Edelweiss Financial Services Chairman and CEO Rashesh Shah said the company's business has been resilient i

Edelweiss Financial Services shares locked in 5% lower circuit

The financial services company's stock has corrected 13 per cent from its 52-week high level of Rs 91.70, touched on Tuesday, March 16

Edelweiss Financial Services plans to invest Rs 800 crore in insurance biz

In the general and life insurance businesses, the firm expects to invest Rs 100 cr a year in the next 3-4 years

Edelweiss Financial Services reports Rs 63 crore loss in third quarter

Edelweiss Financial Services Limited on Saturday reported a consolidated net loss of Rs 63 crore for the third quarter ended in December 2020

Edelweiss Financial Services reports net loss of Rs 56 cr in September qtr

The non-banking financial company had posted a net profit of Rs 67.97 crore in the same quarter a year ago

Sebi imposes Rs 5 lakh fine on Edelweiss Financial's compliance officer

Renganathan was the compliance officer and company secretary of EFSL during the investigation period, according to the Sebi order.

Edelweiss books Rs 2,819 cr pre-tax loss in Q4 on spike in provisions

Plans to bring PE as investor in wealth & asset mgt business; raise up to $200 mn in equity

Edelweiss promoters hike stake to boost investor confidence

Acquire shares worth Rs 1.54 cr in a move aimed at boost investor confidence in the firm, whose shares have shed 54% so far in 2020

Corporate loan share to be 25% over the next two years: Edelweiss

Corporate credit exposure reduced by Rs 1,050 crore on sell-down of loans to completion financing fund

Edelweiss Financial Services Q3 pre-tax profit dips to Rs 51.5 crore

Its stock on Friday closed 1.9 per cent lower at Rs 88.4 per share on the BSE