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17-Nov2017

RBI allows foreign investors to raise stake in Edelweiss Financial Services to 49%

Reserve Bank of India (RBI) has allowed foreign investors to raise their stake in Edelweiss Financial Services from 40% to 49% of its paid-up capital under the portfolio investment scheme (PIS).

RBI monitors ceilings on FII/NRI/PIO investments in Indian companies on a daily basis. It has fixed the cut-off points two percentage points lower than the actual ceiling.

Edelweiss Financial Services is primarily engaged in the business of rendering merchant banking services. The company operates in two segments - agency business and holding company activities.



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