Edelweiss Financial Services has received an approval for raising of funds for an aggregate amount of up to Rs 2,000 crore, by way of issue of securities including but not limited to Equity Shares and/or American Depository Receipts and / or Global Depository Receipts and /or any other securities convertible into Equity Shares and / or Non Convertible Debentures with or without warrants, through Further Public Offer/ Qualified Institutions Placement (QIP) / Preferential Issue / Rights Issue or through any other permissible mode or a combination thereof. The Board of Directors of the company at their meeting held on September 26, 2017 approved the same.
Edelweiss Financial Services is primarily engaged in the business of rendering merchant banking services. The company operates in two segments - agency business and holding company activities.
