Edelweiss Financial Services soars on getting nod to raise funds up to Rs 1,500 crore via NCDs
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Edelweiss Financial Services is currently trading at Rs. 53.55, up by 2.14 points or 4.16% from its previous closing of Rs. 51.41 on the BSE.
The scrip opened at Rs. 51.30 and has touched a high and low of Rs. 53.99 and Rs. 51.30 respectively. So far 111866 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 77.40 on 18-Jan-2023 and a 52 week low of Rs. 49.40 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 54.47 and Rs. 50.10 respectively. The current market cap of the company is Rs. 5027.66 crore.
The promoters holding in the company stood at 32.62%, while Institutions and Non-Institutions held 34.73% and 32.64% respectively.
Edelweiss Financial Services has received an approval for raising funds by way of public issue of Non-convertible Debentures (NCDs) for an amount not exceeding Rs 1,500 crore, in one or more tranches. The Board of Directors of the Company at its meeting held on March 30, 2023 has 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.
