GPC Mauritius I LLC has sold 56,25,000 shares of Edelweiss Financial Services at a price Rs 56.57 per share on the BSE on June 5. Meanwhile, GPC Mauritius III LLC sold 68,75,000 shares at Rs 56.56 on the stock exchange.
Recently, the company has received an approval to increase its limits of Foreign Institutional Investors’ (FIIs) holding in the equity shares of the company from 28% to 40%. The board of directors at its meeting held on May 17, 2014 has approved for the same.
Edelweiss Financial Services is India’s leading diversified financial services company. It is engaged in the business of investment banking, brokerage services, asset management and financing.
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