Comments
Edelweiss Alternative Asset Advisors Ltd (EAAA), a subsidiary of Edelweiss Financial Services, has closed its India dedicated Alternative Investment Strategy Fund ( EISAF II), by raising ₹9,200 crores ($1.3 billion).
Edelweiss Financial Services and its nominees have 95 per cent shareholding in EAAA, which reported a loss of ₹12.23 crore in the financial year ended March 31, 2018 against a loss of ₹24.78 crore in the preceding financial year.
As at March-end 2018, EAAA's total assets and liabilities stood at ₹78.24 crore (₹12.64 crore as at March-end 2017) and ₹125.58 crore (₹47.75 crore) respectively.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.