Edelweiss Financial Services’ subsidiary -- ECL Finance has received Rs 1,040 crore from CDPQ Private Equity Asia, a wholly owned subsidiary of Caisse de depot et placement du Quebec (CDPQ), one of North America's largest pension fund managers as the first tranche of investment in the form of compulsorily convertible debentures and equity shares.
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.
