Through QIP issue
Edelweiss Financial Services on 23 November 2017 raised Rs 1,527.75 crore through the Qualified Institutions Placement (QIP) route. The QIP opened on 15 November 2017 and closed on 20 November 2017. This is the first equity fund raise by EFSL since its IPO in December, 2007.The funds raised through the QIP would be utilised by EFSL for various purposes, including but not limited to, augment its long term resources, to fund growth and expansion, maintain capital adequacy, consolidation of its subsidiaries, general corporate purposes, etc., as per EFSL's growth and business related plans from time to time
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