Edelweiss Financial Services has raised Rs 1,528 crore through Qualified Institutions Placement (QIP) to fund expansion. The QIP issue opened on November 15 and closed on November 20. The company issued 54,562,488 shares to eligible qualified institutional buyers pursuant to the QIP issue.
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.