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Edelweiss Financial Services shares gain 5% post corporate action. Here's why

Edelweiss Financial Services said Nuvama Wealth Management is now an independent business with a focused strategy and the flexibility to attract business-specific partners and investors.

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Edelweiss Financial Services shares trade ex-spin off; stock rises 5%

Edelweiss Financial Services: Nuvama will allot 1,05,28,746 equity shares of the face value of Rs. 10 each to the shareholders of Edelweiss Financial Services on proportionate basis as a consideration for demerger.

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Edelweiss buys back 5.3% from wealth management partner PAG for ₹230 cr

Edelweiss CEO Rashesh Shah said the transaction is as per the agreement signed in Aug 2020 when PAG had picked up 61.5% for around ₹2,366 cr and the price paid today for the 5.3% stake is the same it was sold to them last year ....

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