Rashesh Shah Increases Edelweiss Financial Services Stake to 17.5% with 1 Crore Share Purchase
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Rashesh Shah Boosts Edelweiss Stake to 17.5% with 1 Crore Share Purchase
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CNBC TV18•25-02-2026, 14:10
Rashesh Shah Boosts Edelweiss Stake to 17.5% with 1 Crore Share Purchase
•Rashesh Shah acquired 1 crore shares (2.1% stake) in Edelweiss Financial Services from Venkatchalam Arakoni Ramaswamy.
•The transaction, valued at ₹118 per share, increases Shah's individual holding to approximately 17.5%.
•Edelweiss reported a net profit of ₹264 crore and revenue of ₹4,404.4 crore, significantly up from the previous year.
•The company's alternative asset management saw a 33% rise in FPAUM to ₹41,920 crore, and mutual fund equity AUM surged 33% to ₹83,000 crore.
•MSME loans disbursed increased 5.7 times to ₹298 crore, housing finance disbursements rose 36% to ₹559 crore, and general insurance gross written premium grew 47% to ₹404 crore.
