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Edelweiss Financial Services Limited ( (IN:EDELWEISS) ) has provided an update.
Edelweiss Financial Services Limited announced that its subsidiary, Edelweiss Life Insurance Company Limited, has been penalized Rs. 1 crore by the Insurance Regulatory and Development Authority of India for non-compliance with certain outsourcing regulations. Despite the penalty, the company stated that there will be no material impact on the financials, operations, or activities of the subsidiary or the parent company.
More about Edelweiss Financial Services Limited
Edelweiss Financial Services Limited operates in the financial services industry, offering a range of services including asset management, insurance, and credit. The company focuses on providing comprehensive financial solutions to its clients, leveraging its expertise in the Indian market.
Average Trading Volume: 685,539
Current Market Cap: 96.86B INR
For detailed information about EDELWEISS stock, go to TipRanks’ Stock Analysis page.