Edelweiss Financial Services is currently trading at Rs. 33.05, up by 0.90 points or 2.80% from its previous closing of Rs. 32.15 on the BSE.
The scrip opened at Rs. 32.55 and has touched a high and low of Rs. 33.60 and Rs. 31.75 respectively. So far 44,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 42.00 on 05-Apr-2011 and a 52 week low of Rs. 21.90 on 19-Dec-2011.
Last one week high and low of the scrip stood at Rs. 33.60 and Rs. 30.30 respectively. The current market cap of the company is Rs. 2,500.00 crore.
The promoters holding in the company stood at 37.76% while Institutions and Non-Institutions held 17.14% and 45.10% respectively.
Edelweiss Financial Services subsidiary - EAAA LLC, Mauritius, and Japan's SBI Holdings, Inc. (SBIH) have signed a definitive agreement to jointly sponsor an alternative asset management fund ‘EW SBIH Crossover Fund’ in Mauritius, focused on investments in small/mid-cap listed companies in India.
The sponsors' total capital commitment to the fund will be $100 million, of which SBIH's commitment is 75% and Edelweiss' commitment is 25%.
This is the second significant tie up that Edelweiss has entered into with a Japanese financial services major. The company already has a joint venture - Edelweiss Tokio Life Insurance with Tokio Marine Holdings.
Edelweiss Financial Services is India’s leading diversified financial services company. It is engaged in the business of investment banking, brokerage services, asset management and financing.
