Edelweiss Financial Services Ltd

(EDELWEISS)

Edelweiss Reports Mixed Financial Results for September - 30 Oct, 2024

Edelweiss Financial Services reported significant growth in consolidated net sales for September 2024, while standalone results showed a massive sales increase but a sharp decline in profit.

Edelweiss Reports Strong Earnings Amid Regulatory Fine - 29 Oct, 2024

Edelweiss Financial Services reported a robust Q2 FY24 with a 45% YoY profit increase. However, SEBI imposed a fine for regulatory violations, impacting investor sentiment.

SEBI Imposes Penalty on Edelweiss Entities - 26 Oct, 2024

SEBI has imposed a total penalty of Rs 16 lakh on Edelweiss Asset Management Ltd, its CEO Radhika Gupta, and fund manager Trideep Bhattacharya for mutual fund rule violations. The penalties stem from the Edelweiss Focused Equity Fund's non-compliance with investment provisions.

Sebi Fines Edelweiss AMC and Executives - 25 Oct, 2024

The Securities and Exchange Board of India (Sebi) has fined Edelweiss Asset Management, its CEO Radhika Gupta, and fund manager Trideep Bhattacharya a total of Rs 16 lakh for violating mutual fund rules related to the Edelweiss Focused Equity Fund. The violations included exceeding the mandated 30-stock limit over several months.

Edelweiss Fund Manager Settles Sebi Case - 23 Oct, 2024

A former fund manager at Edelweiss Asset Management settled a case with Sebi for Rs 19.5 lakh due to alleged mutual fund rule violations. Rashesh Shah of Edelweiss commented on the interlinked nature of financial investments and bank deposits.

Edelweiss Plans Major Revamp and Listings - 22 Oct, 2024

Edelweiss Financial Services is set to list seven businesses, eliminate its debt, and launch a new venture, aiming for efficiency and growth by 2026.

Edelweiss Transforms into Decentralized HoldCo - 12 Oct, 2024

Edelweiss Financial Services Ltd has undergone significant decentralization, evolving into a HoldCo with seven independent businesses, each well-governed and managed effectively.

Edelweiss Financial Ends Underperformance Trend - 11 Oct, 2024

Edelweiss Financial shares have surged over 86% in three months, breaking a long underperformance streak. Institutional investors, including Abu Dhabi's sovereign wealth fund, acquired 1.04% stake recently.

Edelweiss Financial Announces NCD Issue - 09 Oct, 2024

Edelweiss Financial Services plans a public issue of Rs 200 crore in Secured Redeemable Non-Convertible Debentures (NCDs) with yields up to 11%. The issue opens on October 7 and closes on October 18, with funds primarily aimed at repaying existing borrowings. The NCDs have received a CRISIL A+/Watch Negative rating, indicating adequate safety for timely servicing of obligations.

Edelweiss to Raise ₹200 Crore Through NCDs - 08 Oct, 2024

Edelweiss Financial Services intends to raise ₹200 crore through a public issue of secured redeemable non-convertible debentures, with a base size of ₹100 crore. The funds will primarily be used for repaying existing borrowings.

Edelweiss Highlights Investment Themes in China - 07 Oct, 2024

Edelweiss' Niranjan Avasthi identifies three key investment themes in China: consumption opportunities, technology advancements focusing on self-sufficiency, and carbon neutrality. Positive inflows are noted in the Edelweiss Greater China Offshore Fund.

Edelweiss MF Adjusts Defence Stock Exposure - 02 Oct, 2024

Edelweiss Mutual Fund has reduced its overweight position in defence stocks but remains optimistic about the sector. Chief Investment Officer Trideep Bhattacharya anticipates improved earnings in the September quarter compared to June.