Rashesh Shah

Capital gains tax changes may impact investment behaviour: Rashesh Shah

Buyback and tax-free dividend had a gap and an equalisation was needed. Volumes in F&O trading had gone up rapidly and, in a way, the increase in STT on F&O will protect investor interest, he said

Updated On : 31 Jul 2024 | 10:11 AM IST

Sunil Bharti Mittal to Rashesh Shah, BS Jury lauds growth-oriented Budget

In terms of sector focus, the Budget has primarily focused on agri and MSME

Updated On : 02 Feb 2022 | 12:02 AM IST

Edelweiss buys back 5.3% from wealth management partner PAG for Rs 230 cr

According to the agreement, which was to lapse this month, no premium or discount was involved

Updated On : 14 Dec 2021 | 1:14 AM IST

Edelweiss increases stake in Edelweiss Wealth Management to 44.16%

Diversified financial group Edelweiss on Monday said it has increased its stake in its associate company -- Edelweiss Wealth Management (EWM) to 44.16 per cent. PAG, a leading Asia-focused investment group, continues to be the majority shareholder in EWM with 55.84 per cent stake. "As a part of the agreement outlined last year, when PAG acquired a majority stake in the business, Edelweiss had the option to increase its stake by nearly 5 per cent. Exercising that option, the group has now acquired an additional 5.28 per cent stake, taking its stake in EWM from 38.88 per cent to 44.16 per cent," it said in release. EWM services about 750,000 affluent & HNIs and about 2,600 of India's wealthiest families. It manages Rs 1.8 trillion of customer assets. Edelweiss Wealth Management has reported a strong performance this fiscal, with an 18 per cent growth in revenue and 69 per cent growth in profit after tax on a quarter-on-quarter basis, Edelweiss said. "With a significant growth runway