Edelweiss’ planned new avatar triggers a surge in investor interest. Is it for real?
Live MintAfter navigating the crisis plaguing India's non-banking financial companies sector, Edelweiss Financial Services is back with a refined vision—exiting wholesale lending, reducing debt, and setting its sights on retail and asset management for steady growth. View Full Image Source: Edelweiss FY24 Annual Report As planned, its net debt has been reduced by 67% to ₹13,090 crores in the last five years. View Full Image Source: Edelweiss FY24 Annual Report Moreover, it discontinued the wholesale lending segment now and pivoted to an asset-light business, focusing on companies that don't require heavy borrowings. View Full Image Source: Edelweiss FY24 Annual Report Mint reported that as Edelweiss’ business gathered steam, regulatory hurdles emerged. View Full Image Source: Edelweiss FY24 Annual Report Last year, it demerged and listed its wealth management business, Nuvama Wealth.
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