Edelweiss Group

The Mumbai-based financial services group is exploring a sale of a 25% to 35% stake in the unit, the people said, asking not to be identified because the deliberations are private.

Market will absorb tax hikes, key is if Budget can stimulate growth, says Edelweiss's Rashesh Shah

Shah flagged private capex as an area of concern. He pointed out that despite an increase in government-driven capital expenditure, private sector investment remains sluggish.

Nuvama Wealth expects AUM growing by average 15-20% this fiscal: MD & CEO Ashish Kehair

As of June 2023, it manages over Rs 2.5 lakh crore of client assets and has over 2,700 employees across 90 offices worldwide.

I-T raids Edelweiss Group premises in Mumbai over tax evasion

As per reports, the raids are taking place since today morning over suspected tax evasion.

PAG Group invests Rs 2,366 crore in Edelweiss Wealth Management

Pursuant to this investment, PAG Group and Edelweiss Financial Services Ltd will be the shareholders in EWM, of which PAG will hold a controlling stake.

Edelweiss raises Rs 6,600 crore AIF, plans to raise $1 billion fund for realty sector next year

Group chairman Rashesh Shah claimed its $890 million is the largest fund raise this year by any entity in India amid the severe economic impact of the pandemic, and will be deployed into projects and companies seeking long term funds which can’t be served by the banks or the NBFCs due to potential asset liability mismatches.

COVID-19: Time to be cautious, conservative, prudent wherever possible says Edelweiss' Rashesh Shah

Edelweiss Group has restricted spending to the minimum because of liquidity concerns arising out of the inability to get benefits of loan repayment moratoriums

ED to issue fresh summon to Edelweiss' Rashesh Shah in connection with Rs 2,000cr forex scam

The case pertains to violation of foreign exchange norms involving a firm Capstone Forex, a Mira-Bhayander based firm.

Edelweiss to raise $425 million with South Korea’s Mertiz for realty financing

This is the first fund for a platform that aims at raising $1 billion from international investors over next 12 months, Edelweiss said on November 12.

Edelweiss Group, Central Bank of India partner to co-lend to MSMEs

The partnership comes after the Reserve Bank of India announced progressive Co-Origination Policy in September 2018, allowing banks and NBFCs to co-lend to a wider set of enterprise owners.

ECL Finance Ltd raises Rs 300 crore via NCDs

ECLF is primarily engaged in the business of corporate lending, providing finance to industrial enterprises, SMEs and individuals, and investment in other securities.

CCI clears Canadian fund CDPQ's acquisition of convertible debentures in Edelweiss NBFC arm

ECL Finance is part of the Edelweiss Group and is registered with the Reserve Bank of India as a non-banking financial company.

Bombay HC asks Reliance Power, Edelweiss to try resolving share sale issue

The division bench suggested the parties concerned to try resolving the dispute out of court and said it would hear the petition after two weeks.

Canadian fund manager CDPQ to infuse Rs 1,800 cr in NBFC arm of Edelweiss Group

CDPQ will partner in the long-term strategy to build a strong credit portfolio, with an increasing focus on the retail segment.

Edelweiss, Bank of Singapore sign MoU for strategic partnership

"This is the first time that an Indian wealth manager of Edelweiss' size and stature is partnering with an offshore private bank," Edelweiss Financial Services said in a BSE filing.

Edelweiss launches AIF focused on IPO-bound companies

The Edelweiss Crossover Opportunities Fund comes at a time when the IPO market has gathered pace and companies from a wide range of sectors intend to go public in the near-term, opening up new investment opportunities.

Edelweiss Group to bail out Electrosteel Steels: Sources

CNBC-TV18 learns from sources that Edelweiss Group has made an offer to bail out Electrosteel Steels.

Edelweiss Tokio Life gets IRDAI nod for first-ever POS Life Product

In a media statement, Edelweiss Tokio Life said that it is the first to receive approval from IRDAI (Insurance Regulatory & Development Authority of India) to sell such a product through POS, a category which is being explored for the first time ever in India.

'Philanthropy has to come from heart and can't be forced'

As the joy of giving or Daan Utsav week draws to a close, Rashesh Shah Chairman & CEO, Edelweiss Group tells CNBC-TV18 that the idea of philanthropy should be to invest back into the society. He adds, philanthropy has to come from the heart, it can't be regulated or forced.

Canadian pension fund picks up 20% in Edelweiss ARC

Under the agreement, CDPQ, which already pumped in around USD 1.5 billion in various domestic companies, will be acquiring a 20 per cent stake in Edelweiss Asset Reconstruction Company, which is the largest in the space with around Rs 30,000 crore of assets under management.

Edelweiss up 11% on Group's partnership with North American fund

Edelweiss Financial Services shares surged more than 11 percent intraday to hit Rs 126, the highest level since January 2008, on Monday after the North American pension fund manager CPDQ announced a long-term partnership agreement with Edelweiss Group.

Olympic association has been good for Edelweiss: Rashesh Shah

In sports too it is not the short-term but the long-term trend that matters, says Rashesh Shah, Chairman and CEO, Edelweiss Group. Edelweiss Group is India's principal sponsor at the ongoing Rio Olympics. Speaking exclusively to CNBC-TV18's Priya Sheth, he speaks about the association and how close non-cricket sports are to his heart.

India a long-term growth story; I see greenshoots: Rashesh Shah

The next couple of months will see a lot of volatility in emerging markets as Brexit and US Fed developments could weigh heavily, says Rashesh Shah, Chairman and CEO, Edelweiss Group.

Edelweiss, Sun Global tie up to offer fixed income products

With an asset base of around USD 5 billion, Edelweiss Group offers services across credit, housing finance, financial markets, wealth and asset management, commodities and life insurance.

Avendus-KKR deal reopens old trend: i-banks diversification

While some of these pioneering biggies, Kothari and Bansali, quit the space after selling DSP Merrill Lynch to Merril Lynch in 2005 and Enam Securities to Axis Bank in 2010, respectively, Kotak and Kampani became full-service financial players with focus on credit business. Kotak has even entered into the banking sector.