Edelweiss Financial Services consolidated net profit rises 16.52% in the June 2024 quarter

Edelweiss Financial Services launches ₹200 crore NCD issue with fixed coupons and multiple interest options, closing on July 22.

Edelweiss Financial launches ₹100-crore NCD issue

The company plans to allocate at least 75% of funds raised to the repayment or prepayment of existing borrowings

Edelweiss Financial Services plans to raise up to Rs 200 crore through NCDs

Edelweiss Financial Services announced the opening of the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1,000 each for an amount up to Rs 100 crore (Base Issue Size), with a green shoe option of up to Rs 100 crore, cumulatively aggregating up to Rs 200 …

Edelweiss Financial Services announces Rs 200 cr public issue of NCDs

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

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

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

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