Money & Banking

Edelweiss Financial Services subsidiary closes $1.3 billion fund

Our Bureau Mumbai | Updated on January 17, 2019 Published on January 17, 2019

delweiss Financial Services and its nominees have 95 per cent shareholding in EAAA   -  Twitter/Edelweiss

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.

Published on January 17, 2019
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