Edelweiss Financial raises Rs 1,528 cr via QIP

Edelweiss Financial Services today said it has raised Rs 1,528 crore through Qualified Institutions Placement (QIP) to fund expansion.
The QIP issue opened on November 15 and closed today, Edelweiss Financial Services said in a filing to stock exchanges.
The issue price of Rs 280 is at a discount of 1.80 per cent that is Rs 5.14, to the QIP floor price of Rs 285.14, it said.
The company issued 54,562,488 shares to eligible qualified institutional buyers pursuant to the QIP issue, the filing added.