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Edelweiss Financial Services Limited
Sector:Financial Services Financial Services - Broking and Investment Management
BSE:532922NSE:EDELWEISSBloomberg:EDEL@INReuters:EDEL.BO
Market Lot: 1Face Value: 1ISIN Demat: INE532F01054
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25-Jul-2014
Business Profile
Edelweiss Capital is diversified Indian financial services company. It was incorporated on Nov. 21, 1995.

The company and its subsidiaries operate through the agency business lines of investment banking including equity capital markets transaction execution; institutional equities business providing sales trading, distribution and research to institutional investors; private client brokerage; wealth management to high net worth individuals. The company provides asset management and investment advisory services business with an aggregate corpus of over USD 330 million; and brokerage services for non-life insurance products. The capital business lines include internal treasury operations to manage excess capital funds and wholesale financing to high net worth clients against shares. Subsidiaries of the company include Edelweiss Securities, ECAL Advisors, Edelweiss Capital USA, Crossborder Investments, Edelweiss Insurance Brokers, Edelweiss Trustee Services, ECL Finance, Edelweiss Asset Management, Edelweiss Trusteeship Company, and Edelweiss Real Estate Advisors.

In 2007, the company was the sole advisor to the INR 526 million preferential issue of equity shares of Transport Corporation of India; sole financial advisor in raising INR 1,250 million for GL Hotels through a preferential issue to Temasek Edelweiss, raising INR 5,460 million for Air Deccan through a preferential issue to the UB group, and raising INR 1,500 million for SVIL Mines through a private equity capital issue to Citigroup Venture Capital. It was the joint global coordinator and book runner which concluded the qualified institutional placement (QIP) of Phoenix Mills and sole book running lead manager to the TAKE Solutions INR 1,533 million IPO offering. In collaboration with BNP Paribas, the company hosted the India XL Conference 2007 in London from Sept. 25, 2007 to Sept. 26, 2007 to reach out to investors based in Europe.

The registered and corporate office is located at 14th Floor, Express Towers, Nariman Point, Mumbai-400021.


Financials
The company disclosed rise of 40.56% in standalone net profit on y-o-y basis to Rs 782.50 million, while total income climbed 30.25% y-o-y basis to Rs 8.07 billion for the quarter ended June 2014.

Recent Developments
13-JUN-14
Ace investor Rakesh Jhunjhunwala has picked 1.30% stake in Edelweiss Financial Services on Friday. Jhunjhunwala bought 10 million shares at a price of Rs 55 a share at the BSE.

02-MAY-14
Edelweiss Financial Services, one of India's leading financial services groups, announced the acquisition of Mumbai based Forefront Capital Management, a high net worth focused asset management company that spans the alternative as well as the traditional investment space.

17-APR-14
Edelweiss Financial Services announced that the company's board of directors will meet on Apr. 23, 2014, to consider the buy-back of equity shares.

10-APR-14
Edelweiss Financial Services said that its share allotment committee of the board of directors has allotted 10,500 equity shares of the face value of Rs 1 each under Edelweiss Employee Stock Option Scheme (ESOS) of the company.

09-JAN-14
ECL Finance, the NBFC arm of Edelweiss Financial Services, today announced the public issue of secured redeemable, non convertible debentures (NCDs) of the face value of Rs 1000 each, aggregating to Rs 2,500 million, with an option to retain over-subscription up to Rs 2,500 million aggregating to a total of Rs 5,000 million.

27-NOV-13
Edelweiss Financial Services, one of India's leading financial services groups, announced that the board of directors of the company has subject to the approval of the members, increased the limits of Foreign Institutional Investors (FIIs) holding in the equity share capital of the company from 24% to 28%.

07-NOV-13
Reserve Bank of India (RBI) has today notified that the aggregate net purchases of equity shares in Edelweiss Financial Services by Foreign Institutional Investors (FIIs) in the primary/secondary markets under Portfolio Investment Scheme (PIS) have reached the trigger limit.

30-OCT-13
Edelweiss Financial Services, one of India's leading financial services groups, today reported a rise of 6.73% in consolidated net profit to Rs 426.4 million for the quarter ended Sept. 30, 2013 as compared to Rs 399.5 million in the same period last year.



Future Plans
Edelweiss Capital will use the IPO funds to enhance its margin maintenance with stock exchanges, establish additional offices and acquire office infrastructure, enhance existing technological capacity, and prepayment of loans.

In Brief
 
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