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Edelweiss' Q4 net dips 3% to Rs 232 cr, company to float $1-bn debt fund

Existing equity enough to support growth for 3-4 years, says company

Q4 results: Early birds disappoint; combined net of 104 firms down 0.5%

Edelweiss Financial Services on Tuesday said its current net worth of Rs 8,715 crore and retained earnings will support growth for the next 3-4 years, while its balance sheet remained flat during financial year (FY19). It plans to raise a $1-billion structured debt fund for corporates that could be closed in FY20, depending on the market environment. The first closure of the proposed fund could be at $400-500 million. The non-banking finance company (NBFC) reported a 3.4 per cent drop in consolidated net profit at Rs 232 crore for the fourth quarter of FY19, compared to the ...