The QIP is the first by Edelweiss after it went public in December 2007Mumbai: Edelweiss Financial Services Ltd has raised Rs1,527.75 crore from several institutional investors through a qualified institutional placement (QIP), the company said in a statement on Friday. The QIP is the first by Edelweiss after it went public in December 2007. Institutional investors that bought shares in the QIP included HDFC Mutual Fund, Kotak Mutual Fund, Birla Mutual Fund as well as existing shareholders like Goldman Sachs, Nomura, Fidelity, Steadview, DE Shaw and Co. and Amansa William Blair. The Edelweiss Group offers a range of financial products and services which are classified into retail credit, corporate credit, asset management, advisory business and insurance. With this fundraising, Edelweiss has joined a long list of financial services and banking companies to tap the capital markets using the QIP route this year.

Source: Mint November 24, 2017 09:00 UTC