Edelweiss Financial Services Ltd approves raising of funds

The Board of Directors of Edelweiss Financial Services Ltd at its meeting held today, approved raising of funds by way of issue of securities including but not limited to Equity Shares and/or American Depository Receipts and / or Global Depository Receipts and /or any other securities convertible into Equity Shares and / or Non Convertible Debentures with or without warrants, through Further Public Offer/ Qualified Institutions Placement (QIP) / Preferential Issue / Rights Issue or through any other permissible mode or a combination thereof, as may be permitted under applicable laws, subject to approval of the members of the Company, if required and other appropriate approvals, for an aggregate amount of upto Rs. 2,000 crore (Rupees Two Thousand Crore Only).

Shares of Edelweiss Financial Services Ltd. was last trading in BSE at Rs.278.1 as compared to the previous close of Rs. 255.05. The total number of shares traded during the day was 907797 in over 9390 trades.

The stock hit an intraday high of Rs. 282 and intraday low of 252.05. The net turnover during the day was Rs. 246181838.

Source : Equity Bulls

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