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Shares of Edelweiss Financial Services hit upper circuit on the bourses today. The company recently had got approval from the Competition Commission for the US-based Kora’s proposed investment worth $ 75 million (about Rs 532 crore) in Edelweiss Group.
On the BSE, shares were up nearly 5 per cent to Rs 116.30 with volumes of over 6.25 lakh shares as at 10.45 am, Similarly, the stock jumped 5 per cent to Rs 116.35, with volumes traded over 56.95 lakh shares on the NSE.
Edelweiss Global Wealth Management, a financial advisory and product firm, which is amongst the top five in the industry pecking order, is now looking to double its assets-under-advice (AuA) to ₹2 lakh crore in next five years.
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