Edelweiss Financial Services’ subsidiary Edelweiss Tokio Life Insurance has been granted approval by the Foreign Investment Promotion Board (FIPB) for increase in foreign equity from 26% to 49% of the paid up capital. It is proposed that Tokio Marine & Nichido Fire Insurance will invest a sum of not exceeding Rs 540 crore in the company.
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.
