Edelweiss Global Wealth And Asset Management

As per reports, two Edelweiss group entities, namely E Cap Equities and Edel Finance Company were likely to offload a 7.1 per cent stake in Nuvama Wealth management via block deals

ECL has been accused of not maintaining arm's length with other group companies

Radhika Gupta believes the tax change also had some positive implications for the fund house

Company says it has investment commitment from insurance companies, pension funds, high net worth individuals

/ -- AppSealing, a leader in Mobile App Shielding solutions, announced today that its solution has been selected by Edelweiss Wealth Management, one of the leading wealth management players in India. The solution will help Edelweiss Wealth perform holistic authentication and verification processes to ensure tighter control and protected access to their private corporate network. With this objective, Application Shielding has thus taken center stage at the organization and its collaboration with AppSealing, Edelweiss is looking forward to leveraging its full suite of runtime application self protection (RASP security) features like - real-time source code protection, code obfuscation and encryption, in-app purchase security, anti-reverse engineering, cheat tool detection/blocking, emulator detection/blocking and enforces app integrity to get a safety net for all of its applications. Speaking on its key development, Harsh Jha, Executive Vice President (Technology Corporate), Edelweiss

The deal values EWM at around Rs 4,300 crore and "unlocks value" for shareholders, the company said

Post the results, most brokerages have revised their price targets for both these stocks.

The first close is planned for the second half of this year