The development follows the statement by the company's Chairman Rashesh Shah stating the firm has no relationship with Capstone Forex, which is being investigated by the ED for FEMA violations
The 14 mainboard IPOs this year have risen by an average of more than 50% since listing, data compiled by Bloomberg show
Edelweiss Financial Services Ltd and Axis Capital will manage the company's initial share-sale. Shares of the company will be listed on the BSE and NSE.
Its corporate loan book stood at over Rs 16,100 crore at the end of September
To halve corporate loans book in two years
The overnight on-balance sheet liquidity (including cash, liquid investments and treasury assets) of the group stood at around Rs 4,200 crore as on September 26, 2019
The premium that top-rated non-bank lenders pay over sovereign debt to borrow fell to the lowest in a year last week
The stock of the financial services firm hit a low of Rs 93, its lowest level since December 27, 2016.
Company's net profit in the corresponding April-June quarter of previous fiscal was at Rs 263.32 crore
Agency says decision based on heightened risks from realty and structured debt deals across sectors; retains Al+ rating for company's CPs and short-term NCDs
The net profit is expected to grow by 15 per cent in FY19 over the base of FY18
The public issue of secured redeemable non-convertible debentures will offer an interest rate of 9.45 per cent per annum for 36-month tenure; 9.65 per cent for 60 months and 9.85 per cent for 10 years
The stock rallied 6% to Rs 305, trading close to its all-time high of Rs 309 recorded on November 3, 2017 on the BSE, in otherwise range-bound market on Monday
Total revenue for Q4 of FY2018 is up 35 per cent, to Rs 26.23 billion as against Rs 19.45 billion in Q4 of FY2017
The stock was trading 3.5% higher at Rs 296 on the BSE after the company said it has successfully raised Rs 1,528 crore through the Qualified Institutions Placement route.
The diversified revenue mix has helped us improve our performance: Edelweiss CEO
Stock of the company closed 9.04 per cent up at Rs 278.10 on BSE on Tuesday
The stock up 8% to Rs 185 after the company said the IRDAI approves general insurance business.
The stock moved higher by 4.5% to Rs 140, bouncing back 10% from its early morning low of Rs 127.