Page 3 - Edelweiss

Edelweiss increases stake in Edelweiss Wealth Management to 44.16%

Diversified financial group Edelweiss on Monday said it has increased its stake in its associate company -- Edelweiss Wealth Management (EWM) to 44.16 per cent. PAG, a leading Asia-focused investment group, continues to be the majority shareholder in EWM with 55.84 per cent stake. "As a part of the agreement outlined last year, when PAG acquired a majority stake in the business, Edelweiss had the option to increase its stake by nearly 5 per cent. Exercising that option, the group has now acquired an additional 5.28 per cent stake, taking its stake in EWM from 38.88 per cent to 44.16 per cent," it said in release. EWM services about 750,000 affluent & HNIs and about 2,600 of India's wealthiest families. It manages Rs 1.8 trillion of customer assets. Edelweiss Wealth Management has reported a strong performance this fiscal, with an 18 per cent growth in revenue and 69 per cent growth in profit after tax on a quarter-on-quarter basis, Edelweiss said. "With a significant growth runway

Nykaa, Paytm, Latent View: December will be a trying time for these 10 stks

From December 8, Edelweiss said there are ten issuances where the anchor lock-in is set to unravel, including FSN E-Commerce Ventures (Nykaa), FINO Payments Bank, Latent View Analytics and PB Fintech

Edelweiss' IPO fund outperforms benchmarks in bumper year of listings

The fund run by Edelweiss Management Ltd. has returned 46% this year, according to the firm

CDPQ becomes 20% owner in Edelweiss ARC

Caisse de depôt et placement du Quebec (CDPQ) is one of North America's largest pension fund managers

Edelweiss Wealth Management planning to raise $1 bn via pre-IPo funds

The Crossover strategy will involve the launch of a series of funds over the next 12-18 months to achieve the stated target of $1 billion

Edelweiss boosts co-lending partnership with Central Bank of India for MSME

Edelweiss Retail Finance Ltd announced strengthening of its co-lending partnership with Central Bank of India for priority sector lending to micro, small and medium enterprises

Indiabulls, Edelweiss look to launch AIFs to advance realty loans

Edelweiss is also moving in the same direction after it sold developer loans to investors.

Vedanta's revised offer better deal for minority shareholders: Edelweiss

Vedanta Resources' revised open offer price of Rs 235 per share for its Indian unit is a better deal for investors, brokerage firm Edelweiss said

Edelweiss launches Rs 5000 crore fund to tap pre-IPO, late-stage deals

The fund will focus on late-stage PE and Pre-IPO investments

Plant audit clearance, sales recovery to bolster Page Industries' stock

Valuations, however, are factoring near term gains

Bain & Co top recruiter in first cluster of IIM-A summer placements

Company extends 20 job offers; it is followed by BCG with 19 offers

Edelweiss alt investment arm raises $900 mn in largest funding this year

Investors include Ontario Teachers' Pension Plan Board, Florida's State Board of Administration, Swedish Pension Fund - AP4 and a European insurance investor

Edelweiss's healthcare fund offers benefit of international diversification

Allocation to a thematic offering like the newly-launched healthcare index fund should, however, be limited

Edelweiss raises Rs 6,600 cr AIF, plans to raise $1 bn fund for realty

The arm is looking to raise an alternative investment fund (AIF) of over USD 1 billion next year to invest in realty assets.

Edelweiss arm secures $350 mn investment from Ontario Teachers' Pension

The investment will be deployed in Edelweiss Alternate Asset Advisors' (EAAA), a platform that manages AUM of $3 billion

Hong Kong-based PAG picks 51% stake in Edelweiss Wealth for Rs 2,200 cr

PAG has been an active investor in the Asian region and most of its deals involve taking control as is the case with the latest Edelweiss investment

SAT stays order against Edelweiss broking, temporary relief for DHFL

Tribunal asks NSE and Edelweiss to submit replies on Rs 1.8 cr penalty slapped by the exchange on the broker; in DHFL case, Sebi told to halt recovery proceedings against the firm

Edelweiss to exit wholesale biz by 2022, turns focus on retail lending

Since the IL&FS bankruptcy-induced liquidity crisis in the shadow banking sector in September 2018, the group has been reducing its wholesale loan book and it is down 43 per cent from peak in FY18

Second tranche of Bharat Bond ETF receives bids worth Rs 10,000 cr

The second series of ETFs were launched with a green-shoe option of an additional Rs 11,000 crore over and above the base issue size.

Edelweiss Infra Yield Plus Fund acquires 2 road assets from Navayuga Group

With assets of over Rs 28,000 crore under management, Edelweisse focuses on providing long term growth capital to corporates