Small Cap Financial Services Company Declares An Interim Dividend And NCDs

Edelweiss Financial Services Limited announced an interim dividend through an exchange filing after the board meeting held on March 30, 2023. Check the details below.

According to the stock exchange filing by Edelweiss Financial Services Limited, "the Board of Directors of the Company (the Board), has inter alia approved declaring an interim dividend of Re 0.25 per share on the equity share of the face value of Re 1 each for the financial year ending March 31, 2023."

In the filing, the company also mentioned details about record date. "The Board has fixed April 13, 2023 as the "Record Date" for the purpose of ascertaining the eligibility of shareholders for payment of interim dividend."

The company board has even decided, to raise funds by way of public issue of Non-convertible Debentures for an amount not exceeding Rs. 1,500 crores, in one or more tranches.

About Edelweiss Financial Services Limited
Edelweiss Financial Services Limited is an investment and financial services company based in Mumbai, It provides a broad range of financial products and services, ranging from brokerage services to life insurance and General insurance, private equity and other investment-related services through subsidiaries to diversified client base that includes corporations institutions and individuals. It is a small cap company founded in 1995. The company has a market capitalisation of Rs 4,848.48 crore.

Edelweiss Financial Services Limited Share price details
The latest market price of Edelweiss Financial Services Limited is Rs 51.41 per share, it was up by 1.64% on intraday basis. Its 52-week high is Rs 77.40 per share and 52-week low is Rs 49.40 per share. In last one year, the stock as risen by 0.9% but in 3-years it has rallied by 41.43%.

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