Edelweiss Financial Services is currently trading at Rs. 30.45, up by 0.30 points or 1.00% from its previous closing of Rs. 30.15 on the BSE.
The scrip opened at Rs. 30.85 and has touched a high and low of Rs. 31.90 and Rs. 30.45 respectively. So far 150881 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 35.00 on 30-Sep-2013 and a 52 week low of Rs. 24.90 on 26-Nov-2013.
Last one week high and low of the scrip stood at Rs. 31.90 and Rs. 27.10 respectively. The current market cap of the company is Rs. 2395.58 crore.
The promoters holding in the company stood at 37.15% while Institutions and Non-Institutions held 22.65% and 40.19% respectively.
Reserve Bank of India (RBI) has allowed Edelweiss Financial Services to raise its foreign investment limit up to 28% of paid-up capital. The company has already passed resolutions at the Board of Directors' level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by Foreign Institutional Investor (FIIs), through primary market and stock exchanges up to 28% of the paid up capital of the company under Portfolio Investment Scheme.
The foreign share holding by FIIs, in Edelweiss Financial Services have gone below the revised threshold limit stipulated under the extant Foreign Direct Investment (FDI) Policy. Hence, the restrictions placed on the purchase of shares of the company are withdrawn with immediate effect.
Edelweiss Financial Services (EFSL) is India’s leading diversified financial services company. It is engaged in the business of investment banking, brokerage services, asset management and financing.
