Traders gain 40-44% as markets give up gains in 2nd half
Corporate credit exposure reduced by Rs 1,050 crore on sell-down of loans to completion financing fund
Securities were wrongfully placed as collateral by now-banned sub-broker Vrise with Edelweiss
Claims that Sanjay Shah is director at some group companies; no other link
The case pertains to violation of foreign exchange norms in transactions involving Mumbai-based Capstone Forex Private Limited
Coromandel International, PI Industries may be some of the beneficiaries
This ETF is an initiative of the department of investment and public asset management and the latter has given the mandate to Edelweiss AMC to design and manage the product
With this, Piramal would also be facilitating external capital (on a fund or co-investment basis) alongside its lending business
Its personal wealth management arm, which currently manages Rs one trillion, clocked a robust revenue growth of 35% CAGR in the last three financial years
Edelweiss Personal Wealth Advisory has witnessed an increase of 25 per cent in its client base in Bhubaneswar in the last two financial years
Its corporate loan book stood at over Rs 16,100 crore at the end of September
To halve corporate loans book in two years
Sanaka will initially invest Rs 308 crore, and a further Rs 217 crore on a later date if talks are successful
While Sanaka Growth SPV I has committed to invest around Rs 308 crore, talks are on with others for an additional Rs 217 crore
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 company has appointed investment bankers Edelweiss and IIFL to handle the offering, which may be in the range of Rs 400-600 crore, said people in the know. The proceeds will be used to pare debt
This is the third co-origination MoU in quick succession for Edelweiss after the Bank of Baroda and Central Bank of India
The partnership comes after the Reserve Bank of India announced progressive Co-Origination Policy in September 2018, allowing banks and NBFCs to co-lend to a wider set of enterprise owners
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