 "Nitin Jain, CEO of Global Wealth & Asset Management at Edelweiss Financial Services")
The NBFC sector is undergoing huge turbulence and policy makers will have to take further steps to tackle the problem, says Nitin Jain, CEO of Global Wealth & Asset Management at Edelweiss Financial Services. In an interview to Samie Modak, Jain spells out plans for the company. Edited excerpts:
1. Kora has invested Rs 525 crore in Edelweiss’ advisory business. How much would the valuation of the advisory vertical be?
1. Kora has invested Rs 525 crore in Edelweiss’ advisory business. How much would the valuation of the advisory vertical be?
The investment is through a compulsorily convertible instrument based on our earnings for FY21. This means the valuation could be from Rs 8,000-10,000 crore, which is the upper cap.
The
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