Latest news with #EdelweissFinancialServices
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Business Standard
21-05-2025
- Business
- Business Standard
Edelweiss Financial Services rises 3% after Carnelian Asset buys stake
Edelweiss Financial Services share price gained 3.2 per cent in trade on Wednesday, logging an intraday high at ₹96.69 per share on BSE. The stock surged a day after shares were bought by Carnelian Asset Management and Advisors via a bulk deal on BSE. At 1:10 PM, Religare Enterprises shares were up 2.03 per cent at ₹95.59 per share on the BSE. In comparison, the BSE Sensex was up 0.45 per cent at 81,552.86. The market capitalisation of the company stood at ₹9,041.41 crore. The 52-week high of the stock was at ₹145.5 per share and the 52-week low of the stock was at ₹59.4 per share. ALSO READ: Edelweiss Financial Services bulk deal details On Tuesday, Carnelian Asset Management and Advisors, promoted acquired 80,00,000 shares of Edelweiss at an average price of ₹90.4 per share. However, the Edelweiss Employees Welfare Trust offloaded 1,60,00,000 shares in the company at the same price. On May 14, CLSA trimmed its holding by divesting a 1.2 per cent stake in Edelweiss Financial Services for ₹100 crore through an open market transaction. Hong Kong-based CLSA through its affiliate -- CLSA Global Markets Pte -- offloaded a little over 11.3 million shares, or 1.2 per cent stake, in Edelweiss Financial Services, as per the bulk deal data available on the National Stock Exchange (NSE). The shares were disposed of at an average price of ₹88.55 apiece, taking the transaction value to ₹100.08 crore. After the latest transaction, CLSA's holding through its arm in Edelweiss Financial Services has declined to 4.54 per cent from 5.74 per cent. Meanwhile, US-based Miri Capital Management through its arm -- the Miri Strategic Emerging Markets Fund LP -- bought more than 11 million shares, or 1.16 per cent stake in Edelweiss Financial Services for ₹98 crore. The shares were picked up at the same price. About Edelweiss Financial Services Edelweiss Financial Services Limited is an Indian financial services conglomerate headquartered in Mumbai. The company has evolved from a boutique investment bank into a diversified entity offering a comprehensive suite of financial products and services.
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Business Standard
20-05-2025
- Business
- Business Standard
Edelweiss Employees Trust divests 1.7% stake in Edelweiss Fin for ₹145 cr
Edelweiss Employees Welfare Trust on Tuesday sold a 1.7 per cent stake in Edelweiss Financial Services for approximately ₹145 crore through an open market transaction. According to bulk deal data on the BSE, the trust offloaded 16 million shares, amounting to a 1.7 per cent stake in the company. The shares were sold at an average price of ₹90.40 apiece, resulting in a total transaction value of ₹144.64 crore. As of the March quarter, Edelweiss Employees Welfare Trust held a 1.81 per cent stake in the company. Carnelian, Others Acquire Stake In a parallel development, Mumbai-based Carnelian Asset Management & Advisors acquired 8 million shares—equivalent to a 0.85 per cent stake in Edelweiss Financial Services. These were purchased at the same average price of ₹90.40 per share, valuing the deal at ₹72.32 crore. Information on additional buyers in the transaction was not immediately available. On Tuesday, shares of Edelweiss Financial Services closed 3.15 per cent higher at ₹94.18 on the BSE. CLSA Trims Stake Earlier, on 14 May, capital market and investment firm CLSA sold a 1.2 per cent stake in Edelweiss Financial Services for ₹100 crore through an open market transaction. CLSA, via its affiliate CLSA Global Markets Pte, offloaded over 11.3 million shares at an average price of ₹88.55 each, amounting to a deal value of ₹100.08 crore, as per bulk deal data from the National Stock Exchange (NSE). Following the sale, CLSA's stake in Edelweiss Financial Services decreased from 5.74 per cent to 4.54 per cent. Miri Capital Also Buys Meanwhile, US-based Miri Capital Management acquired over 11 million shares—representing a 1.16 per cent stake—in Edelweiss Financial Services for ₹98 crore. The purchase was made through its investment arm, Miri Strategic Emerging Markets Fund LP.
Business Standard
14-05-2025
- Business
- Business Standard
CLSA divests 1.2% stake in Edelweiss Financial Services for Rs 100 crore
Capital market and investment firm CLSA on Wednesday trimmed its holding by divesting a 1.2 per cent stake in Edelweiss Financial Services for Rs 100 crore through an open market transaction. Hong Kong-based CLSA through its affiliate -- CLSA Global Markets Pte -- offloaded a little over 1.13 crore shares, or 1.2 per cent stake, in Edelweiss Financial Services, as per the bulk deal data available on the National Stock Exchange (NSE). The shares were disposed of at an average price of Rs 88.55 apiece, taking the transaction value to Rs 100.08 crore. After the latest transaction, CLSA's holding through its arm in Edelweiss Financial Services has declined to 4.54 per cent from 5.74 per cent. Meanwhile, US-based Miri Capital Management through its arm -- the Miri Strategic Emerging Markets Fund LP -- bought more than 1.10 crore shares, or 1.16 per cent stake in Edelweiss Financial Services for Rs 98 crore. The shares were picked up at the same price. Details of the other buyers of Edelweiss Financial Services shares could not be ascertained on the exchange. On Wednesday, shares of Edelweiss Financial Services appreciated 0.93 per cent to close at Rs 87.24 apiece on the NSE. In a separate block deal on the NSE, American multinational Citigroup on Wednesday bought shares of Max Healthcare Institute, InfoEdge, and Waaree Energies collectively for Rs 78 crore through open market transactions. Citigroup through its affiliate -- Citigroup Global Markets Mauritius -- bought 2.58 lakh shares of Max Healthcare, acquired 2.12 lakh scrips of Info Edge (India) and Citigroup picked up 60,398 shares of Waaree Energies. The shares were acquired in the price range of Rs 1,172-2,690.10 apiece, taking the combined transaction value to Rs 77.66 crore. Meanwhile, investment banking company Morgan Stanley, through its arm Morgan Stanley Asia Singapore, offloaded the same number of shares at the same price on the bourse. Shares of Waaree Energies on Wednesday rose 4.05 per cent to close at Rs 2,799 apiece, and the scrip of Max Healthcare went up 0.60 per cent to settle at Rs 1,179 apiece. However, shares of Info Edge (India) fell 0.24 per cent to end at Rs 1,461 apiece on the NSE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard
14-05-2025
- Business
- Business Standard
Edelweiss Financial Services consolidated net profit declines 37.71% in the March 2025 quarter
Sales decline 24.07% to Rs 2217.45 crore Net profit of Edelweiss Financial Services declined 37.71% to Rs 105.34 crore in the quarter ended March 2025 as against Rs 169.11 crore during the previous quarter ended March 2024. Sales declined 24.07% to Rs 2217.45 crore in the quarter ended March 2025 as against Rs 2920.48 crore during the previous quarter ended March 2024. For the full year,net profit declined 5.20% to Rs 398.83 crore in the year ended March 2025 as against Rs 420.69 crore during the previous year ended March 2024. Sales declined 2.54% to Rs 9059.58 crore in the year ended March 2025 as against Rs 9295.23 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 2217.452920.48 -24 9059.589295.23 -3 OPM % 30.1929.75 - 33.6532.95 - PBDT 239.53251.08 -5 948.76563.52 68 PBT 196.32217.89 -10 801.62437.39 83 NP 105.34169.11 -38 398.83420.69 -5
