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Edelweiss Financial Services Limited ( (IN:EDELWEISS) ) has provided an update.
Edelweiss Financial Services Limited announced that its wholly-owned subsidiary, EAAA India Alternatives Limited, has settled an administrative proceeding with the Securities and Exchange Board of India (SEBI) regarding alleged non-compliance with certain regulations. The settlement involved a payment of ₹61,42,500 and an agreement to refrain from engaging with specific officials for 12 months. The company clarified that this settlement is procedural and does not materially impact its financial position or operations.
More about Edelweiss Financial Services Limited
Edelweiss Financial Services Limited operates in the financial services industry, offering a range of products and services including asset management, insurance, and investment advisory. The company focuses on providing financial solutions to a diverse set of clients, leveraging its expertise in the Indian market.
Average Trading Volume: 548,859
Technical Sentiment Signal: Strong Buy
Current Market Cap: 104.2B INR
For detailed information about EDELWEISS stock, go to TipRanks’ Stock Analysis page.