With reference to certain media reports and rumours floating around on sale of assets by the company, Edelweiss Financial Services has clarified that, its group entities had in the past year and half, in the ordinary course of business and as part of its strategy to reduce the wholesale credit book, sold certain loan book assets to some investors including two large institutional investors and are further negotiating with a set of investors to sell additional set of loan book assets. Apart from this, for completion of projects, financing is also expected to be provided by the investors.
The above information is a part of company’s filings submitted to BSE.
