CDPQ now holds 20% stake in the share capital of Edelweiss Asset Reconstruction Company
Edelweiss Asset Reconstruction Company announced that after due receipt of the Reserve Bank of India approval, 3,32,00,000 Compulsorily Convertible Preference Shares of Rs. 10 each held by CDPQ Private Equity Asia Pte Ltd. (CDPQ) have been converted into 5,26,31,579 Equity Shares of Rs. 10 each of the Company. With this conversion, CDPQ, has become one of the sponsors of the Company and holds 20% of the total paid up equity share capital of the Company.Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app