Caladium Investment Sells Edelweiss Shares for Rs 189 Crore

Mumbai: Foreign entity Caladium Investment on Friday sold 3.15 crore shares in Edelweiss Financial Services for Rs 189 crore.

Caladium Investment sold 3,15,52,783 shares of Edelweiss at Rs 60.01, amounting to Rs 189 crore, as per the bulk deal data on the BSE.

Nomura Singapore has bought 50,00,000 shares of the company at Rs 60, while its promoter Vidya Rashesh Shah bought 56,70,000 shares at Rs 60.

Vidya Rashesh Shah has 2,93,61,200 shares, or 3.66 per cent stake in the company, as per Edelweiss Financial Services June quarter shareholding pattern.

Caladium Investment Pte holds 3,15,52,783 shares, or 3.93 per cent stake in Edelweiss, as per June quarter shareholding data.

Edelweiss Financial Services on Tuesday reported 17 per cent rise in its consolidated net profit at Rs 91 crore for the quarter ended June on the back of an overall increase in income.

Over a period of time, the company attracted capital from various investors such as Caladium Investment Pte Ltd (a wholly-owned subsidiary of GIC (Ventures) Pte Ltd), Greater Pacific, BIH SA.

Edelweiss Financial Services shares ended the day with a gain of 2.07 per cent at Rs 64.25 apiece on the BSE.