The demerger process was successfully completed following the approval from National Company Law Tribunal (NCLT) on April 27, 2023, which came into effect on May 18, 2023. Shareholders of Edelweiss Financial Services have received their allotted shares of Nuvama Wealth Management, making them shareh…

ETMarkets Management Talk-Nuvama Wealth hopes to get listed on stock exchanges by mid-September: MD Ashish Kehair

The Group’s flagship Edelweiss Financial Services Ltd , which is also a holding company earned revenues of Rs 8,764 crore in 2022-23. It has a net worth of Rs 8,502 crore , net debt of Rs 16,360 crore and profits excluding insurance is around Rs 610 crore.

All about Edelweiss’ Rashesh Shah, the man whose firm is under scanner for death of art director Nitin Desai

Edelweiss Financial Services has come out a new tranche of NCDs. The offer is open and closes on July 17.

Edelweiss Financial Services NCDs: Are double-digit yields inviting enough?

The company is offering bonds maturing in 24 months, 36 months, 60 months and 120 at an annual yield in the 8.94% to 10.46% range for investors. These notes are rated AA- by CRISIL and Acuite Ratings and Research.

Edelweiss Financial Services to raise funds via non-convertible debentures

The issue is scheduled to open on July 04, 2023, and close on July 17, 2023. The company said it reserves the option to close the issue earlier.

Edelweiss Financial Services to raise Rs 300 crore from NCDs

The lead managers to the issue are Edelweiss Financial Services Limited, IIFL Securities Limited, Equirus Capital Private Limited and Trust Investment Advisors Private Limited.

IIFL Finance opens public issue of secured bonds to raise ₹1,500 crore

Edelweiss Financial Services said Nuvama Wealth Management is now an independent business with a focused strategy and the flexibility to attract business-specific partners and investors.

Edelweiss Financial Services shares gain 5% post corporate action. Here’s why

Edelweiss Financial Services: Nuvama will allot 1,05,28,746 equity shares of the face value of Rs. 10 each to the shareholders of Edelweiss Financial Services on proportionate basis as a consideration for demerger.

Edelweiss Financial Services shares trade ex-spin off; stock rises 5%

Infosys would announce its March quarter results at 3.45 pm, which would be followed by a press conference at 4:30 pm and a 60-minute earnings call at 6 pm IST.

Infosys to share Q4 results, dividend today; Britannia, Edelweiss Financial stocks to go ex-dividend

Wealth management company Nuvama is aiming for a listing by August this year once its demerger from Edelweiss Financial Services gets through, a top official said on Wednesday.

Nuvama Wealth aims to list by August, sets ambitious biz growth targets

The Tranche II Issue is set to open on April 6, 2023, and close on April 21, 2023.

Edelweiss Financial Services NCDs offer up to 10.46% yield; check details here

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Edelweiss Financial Services is primarily engaged in the business of rendering merchant banking services.