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Edelweiss Financial Services Ltd News

Angel ONE, Motilal, IIFL: Charts hint up to 24% downside for broking stocks

Market outlook July 02: Trading strategies for stock broking firms in India as the Sebi seeks parity on fees, stricter regulations to options trading.

Angel ONE, Motilal, IIFL: Charts hint up to 24% downside for broking stocks
Updated On : 02 Jul 2024 | 9:45 AM IST

RBI rejects Raj Kumar Bansal's reappointment as Edelweiss ARC MD, CEO

Edelweiss Group crisis: The development followed days after the RBI cracked down on the Edelweiss group in May, imposing major business restrictions on two of its subsidiary companies

RBI rejects Raj Kumar Bansal's reappointment as Edelweiss ARC MD, CEO
Updated On : 11 Jun 2024 | 10:42 AM IST

Edelweiss tanks 17% as RBI imposes biz restrictions on EARCL, ECL Finance

These directions shall be reviewed by RBI upon satisfactory remediation of their observations

Edelweiss tanks 17% as RBI imposes biz restrictions on EARCL, ECL Finance
Updated On : 30 May 2024 | 10:16 AM IST

RBI imposes business restriction on Edelweiss group's EARCL, ECL Finance

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

RBI imposes business restriction on Edelweiss group's EARCL, ECL Finance
Updated On : 29 May 2024 | 10:18 PM IST

Edelweiss Financial's Rs 200 cr NCD issue opens, to have 9-10.5% yield

Edelweiss Financial Services said its Rs 200 crore public issue of debentures opened on Monday. The non-convertible debentures (NCDs) will have an effective annual yield of 9 per cent to 10.46 per cent. The issue will close on April 23. The NCDs carry fixed coupons and have a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly, and cumulative interest options, Edelweiss Financial Services said in a statement. "Edelweiss Financial Services has announced the opening of the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1,000 each for an amount up to Rs 1,000 million (base issue size), with a greenshoe option of up to Rs 1,000 million (Rs 100 crore), cumulatively aggregating up to Rs 2,000 million (Rs 200 crore)," it said. At least 75 per cent of the funds raised through the issue will be used for the purpose of repayment/prepayment of interest and principal of existing borrowings of the company and the balance .

Edelweiss Financial's Rs 200 cr NCD issue opens, to have 9-10.5% yield
Updated On : 08 Apr 2024 | 3:55 PM IST