EAAA India Alternatives Ltd files DRHP with SEBI for IPO

EAAA India Alternatives Limited ("EAAA"), a wholly owned subsidiary of Edelweiss Financial Services Limited, has informed the Company that it has filed a draft red herring prospectus with the Securities and Exchange Board of India, BSE Limited and National Stock Exchange of India Limited in connection with a proposed initial public offering of its equity shares of the face value of Rs. 5 each ("IPO/Issue"). The IPO comprises an offer for sale ("OFS") for an amount not exceeding Rs. 15,000 million, which is proposed to be undertaken by Edelweiss Securities & Investments Private Limited ("ESIPL"), a wholly owned subsidiary of the Company.

The Issue is subject to receipt of necessary approvals, market conditions and other considerations.

Shares of Edelweiss Financial Services Limited was last trading in BSE at Rs. 102.15 as compared to the previous close of Rs. 106.85. The total number of shares traded during the day was 106104 in over 1384 trades.

The stock hit an intraday high of Rs. 106.80 and intraday low of 101.80. The net turnover during the day was Rs. 11087257.00.

Source : Equity Bulls

Keywords

EdelweissFinancialServices INE532F01054 EAAAIndiaAlternatives DRHP SEBI IPO