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.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on January 17, 2019
This article is closed for comments.
Please Email the Editor