News

LenDenClub appoints Nirmal K. Rewaria as Chief Business Officer, Investments * Had been associated with marquee firms such as Edelweiss, Axis Securities, and Standard Chartered Securities * He will be responsible for enhancing the channel partner network to help financial advisors provide alternative investment opportunities to allocate their clients' asset * With the appointment, LenDenClub aims to establish itself in the channel sourcing business by the end of 2023. LenDenClub, India's largest Peer-to-Peer Lending platform, with its vision to drive ...
LenDenClub appoints Nirmal K. Rewaria as Chief Business Officer, Investments
LenDenClub appoints Nirmal K. Rewaria as Chief Business Officer, Investments
Source: PR Agency
5/01/2023 4:47:19 PM
IIFL Finance to raise funds via public issue India's IIFL Finance plans to raise at least 1 billion rupees ($12.10 million) through public issue of non-convertible debentures, according to a product note. The issue, which also has a greenshoe option to retain an oversubscription of 9 billion rupees, will open for subscription on Friday and close on Jan. 18. The company is offering bonds maturing in two years, three years and five years at an annual coupon in the range of 8.50% to 9% for investors. Equirus Capital, Edelweiss...
IIFL Finance to raise funds via public issue
IIFL Finance to raise funds via public issue
Source: Reuters
2/01/2023 2:57:17 PM
India`s Edelweiss acquires L&T-CPPIB infrastructure project for $725 million Canadian pension fund CPP Investments Board and construction firm Larsen and Toubro said they have sold the entire stake in their joint venture to Indian investment firm Edelweiss for 60 billion Indian rupees ($725.46 million) The joint venture called L&T Infrastructure Development Projects Limited owned eight roads and one power transmission asset in India. The deal is subject to regulatory approval and other conditions but will give Edelweiss' platform 26 assets with a mix of ...
India`s Edelweiss acquires L&T-CPPIB infrastructure project for $725 million
India`s Edelweiss acquires L&T-CPPIB infrastructure project for $725 million
Source: Reuters
17/12/2022 4:20:45 PM
RBI looks at securitisation of NPAs, loan loss provisioning on expected loss basis Mumbai/Chennai, Sep 30 The Reserve Bank of India (RBI) will come out with discussion papers on adopting expected loss-based approach for loan loss provisioning and on securitisation of stressed assets framework, Governor Shaktikanta Das said. The discussion papers on the above two issues will be issued by the RBI, Das said on Friday while announcing the bi-monthly monetary policy. He also said new guidelines on the regional rural banks (RRB) allowing internet banking facilities to ...
RBI looks at securitisation of NPAs, loan loss provisioning on expected loss basis
RBI looks at securitisation of NPAs, loan loss provisioning on expected loss basis
Source: IANS
30/09/2022 8:36:48 PM
Edelweiss: The beauty industry's best kept secret Every day, our skin is exposed to millions of dust, dirt, and pollution particles, not to mention the impurities we transfer onto our face when we touch it. But these arent exclusive to the outdoors; they exist within our homes as well. Even the gases and particulate matter from cooking oil and air fresheners can settle onto our skin. Such constant exposure to external aggressors can take a heavy toll on our skin, clogging our pores and making our skin dull, dry, and aged, especially for city...
Edelweiss: The beauty industry's best kept secret
Edelweiss: The beauty industry's best kept secret
Source: IANS
11/08/2022 2:27:56 PM
Indian retail investors seem unperturbed by the 'FII Winter'  Even as the Indian stock markets are volatile and foreign institutional investors (FII) are selling their holdings the retail investors are continuing their investment. "Indian retail investors are resilient. They form a significant part of the market," Radhika Gupta, Managing Director and CEO, Edelweiss Asset Management Company told IANS. She said even in the past, retail investors did not exit when markets went down and it is time to stop focusing on what FIIs do. T...
Indian retail investors seem unperturbed by the 'FII Winter'
Indian retail investors seem unperturbed by the 'FII Winter'
Source: IANS
18/06/2022 1:20:48 PM
Jupiter International Ltd Raises INR 170 Crore Growth Capital From Edelweiss Group Plans To Install 2 GW Integrated Cell Plus Module Line By 2023  Funds will be utilized to grow 500 MW Mono PERC Cell manufacturing facility in Himachal Pradesh - Centrum Capital Exclusive Advisor to the Transaction Jupiter International Limited, India’s largest Stand-alone Solar Photovoltaic Cell manufacturing company, today announced a fund raise of Rs 170 crore from Funds managed by Edelweiss Alternative Asset Advisors Ltd (“EAAA”). Jupiter International will ut...
Jupiter International Ltd Raises INR 170 Crore Growth Capital From Edelweiss Group
Jupiter International Ltd Raises INR 170 Crore Growth Capital From Edelweiss Group
Source: PR Agency
14/03/2022 2:23:22 PM
Edelweiss Mutual Fund files offers document for Low Duration 80:20 Index Fund Edelweiss Mutual Fund has filed offer document with SEBI to launch an open-ended debt Scheme named ‘Edelweiss Low Duration 80:20 Index Fund’. The New Fund Offer price is Rs 1000. Entry load and Exit load will be nil. The Scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 20 crore. The performance of the scheme will be benchmarked with Nifty CPCD Plus T-Bill Low Duration 80:20 Index. The minimum application amount is Rs 50...
Edelweiss Mutual Fund files offers document for Low Duration 80:20 Index Fund
Edelweiss Mutual Fund files offers document for Low Duration 80:20 Index Fund
Source: Accord Fintech
27/12/2021 5:02:46 PM
Edelweiss Fund Insight: December 2021 By Edelweiss Alternative Research Did you know? Equity MFs snapped up fresh issuances to the tune of INR 40.5bn * Mutual Funds deployed INR 40.5bn in Fresh issuances and the additions were PB Fintech (INR 13.5 bn), Paytm (INR 9.8bn), Go Fashion (INR 6.6bn), Latent View (INR 5.7bn), SJS Ent (2bn), Tarsons Products (INR 1.8bn) and Sapphire Foods (INR 1.1bn). Major additions from existing holdings were Axis Bank, ICICI Bank, HDFC Bank, HCL Technologies & Infosys. Funds also added, Mahindra & Mahindra, Zee Ent and...
Edelweiss Fund Insight: December 2021 By Edelweiss Alternative Research
Edelweiss Fund Insight: December 2021 By Edelweiss Alternative Research
Source: Edelweiss Financial Services Ltd
13/12/2021 4:11:35 PM
Edelweiss strengthens co-lending partnership with CBoI for MSMEs Edelweiss Retail Finance Limited (ERFL), an arm of the Edelweiss Group on Tuesday announced strengthening of its existing Co-Lending partnership with Central Bank of India (CBoI), one of India's largest commercial banks for Priority Sector Lending to MSMEs (Micro, Small and Medium Enterprises).   The lenders recently signed a new MoU under RBI's CLM, expanding the portfolio of lending products available to MSMEs, who can now avail of collateral free business loans up to Rs ...
Edelweiss strengthens co-lending partnership with CBoI for MSMEs
Edelweiss strengthens co-lending partnership with CBoI for MSMEs
Source: IANS
1/06/2021 5:29:46 PM
Edelweiss Wealth Management to raise Rs 5k cr for Crossover-III fund Edelweiss Wealth Management (EWM) on Tuesday announced that it has launched the third series of Edelweiss Crossover Opportunities Fund (Crossover-III) with a targeted corpus of Rs 5,000 crore ($700 million). The fund will focus on late-stage PE and Pre-IPO investments, said a company statement. The late-stage PE space has since gained momentum in the Indian scenario expanding to a new level of scale and opening larger opportunities. Crossover-III will see the largest fund raise in the s...
Edelweiss Wealth Management to raise Rs 5k cr for Crossover-III fund
Edelweiss Wealth Management to raise Rs 5k cr for Crossover-III fund
Source: IANS
10/03/2021 10:15:12 AM