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Edelweiss Finvest informs about outcome of board meeting

12 Feb 2020 Evaluate

Edelweiss Finvest has informed that the Board of Directors of the Company at its meeting held on February 12, 2020 has, subject to necessary approvals, approved the, issue of Non-convertible Debt Securities by way of Private Placement for an amount not exceeding Rs 5,000 crores, in one or more tranches; and scheme of Merger of the Company with Edel Finance Company, a fellow subsidiary company.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Bajaj Finserv 1917.30
TVS Holdings 13000.05
Cholamandalam Fin. 1525.75
Altius Telecom Infra 175.00
Kama Holdings 2282.95
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