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Articles for Edelweiss Group

RBI lifts restrictions on Edelweiss Group companies with immediate effect
3 weeks, 2 days ago

RBI lifts restrictions on Edelweiss Group companies with immediate effect

Live Mint  

The Reserve Bank of India announced on Tuesday, December 17, that it has lifted restrictions imposed on two Edelweiss Group entities. According to the RBI, the restrictions on ECL Finance and Edelweiss Asset Reconstruction Company were lifted after both entities took the necessary remedial actions and committed to continuously complying with regulatory guidelines. RBI restrictions on Edelweiss Group entities Additionally, …

Rbi Restrictions Edelweiss Edelweiss Arc Structured Transactions Edelweiss Group
Edelweiss round-tripping money? RBI order against the financial giant scathing in how it’s using group entities to circumvent IBC regulations: A case study
6 months, 3 weeks ago

Edelweiss round-tripping money? RBI order against the financial giant scathing in how it’s using group entities to circumvent IBC regulations: A case study

Op India  

The Reserve Bank of India on the 29th of May 2024 ordered Edelweiss Asset Reconstruction Company Limited to cease and desist from the acquisition of financial assets, including security receipts, and reorganizing the existing SRs into senior and subordinate tranches. As we would now analyze, it would appear that Edelweiss and its group entities seem to have indulged in the …

India Money Regulations Financial Institutions Debt Order Group
Edelweiss Group chairman Rashesh Shah appears before ED in forex scam case
4 years, 11 months ago

Edelweiss Group chairman Rashesh Shah appears before ED in forex scam case

Hindustan Times  

Edelweiss Group chairman Rashesh Shah on Wednesday appeared before the Enforcement Directorate which had summoned him in their ongoing probe in a multi-crore forex scam. Rashesh Shah, chairman and chief executive officer of the Edelweiss Group, outside ED office in Mumbai, on Wednesday. “Capstone is being probed for sending forex abroad without following Know Your Customer norms,” said a source …

Shah Capstone Forex Edelweiss Edelweiss Group Rashesh Shah Capstone Forex
RCOM v. Edelweiss: Bombay HC Denies Relief To Anil Ambani, Says Plaintiff's Stand 'Smacks Of Deceit' [Read Order]
5 years, 10 months ago

RCOM v. Edelweiss: Bombay HC Denies Relief To Anil Ambani, Says Plaintiff's Stand 'Smacks Of Deceit' [Read Order]

Live Law  

The Bombay High Court recently refused ad-interim relief sought by Anil Ambani, chairman of Reliance Anil Dhirubhai Ambani Group, in a commercial suit filed by Reliance Project Ventures and Management Pvt Ltd and made some sharp observations against the plaintiff. Senior advocates Aspi Chinoy and Darius Khambatta appeared on behalf of Reliance, while senior advocates Janak Dwarkadas, Gaurav Joshi, Dinyar …

Notice Group Shares Plaintiffs Defendants Reliance Pledged
Anil Ambani-led Reliance Power asks Sebi to immediately ban Edelweiss Group from capital markets
5 years, 10 months ago

Anil Ambani-led Reliance Power asks Sebi to immediately ban Edelweiss Group from capital markets

Firstpost  

New Delhi: Anil Ambani-led Reliance Power has asked the Sebi to immediately ban Edelweiss Group from the capital market, alleging “illegal and market disruptive activities” to cause a steep plunge in the company’s share price. Reliance Group, last week, accused L&T Finance and Edelweiss Group entities of “illegal” and “motivated” actions in invoking the pledged shares of Anil Ambani group’s …

Market Power Capital Group Sebi Ban Reliance Group
Sebi to look into sale of pledged shares of Reliance Group’s listed companies
5 years, 10 months ago

Sebi to look into sale of pledged shares of Reliance Group’s listed companies

Live Mint  

New Delhi: Capital markets regulator, the Securities and Exchange of India, is looking into allegations and counter-allegations related to the sale of pledged shares of Anil Ambani-led Reliance Group's three listed companies by two lenders, senior officials said Monday. Reliance Group has accused L&T Finance and Edelweiss Group entities of "illegal" and "motivated" actions in invoking the pledged shares of …

Finance Market Sale Sebi Reliance Group Reliance Power Reliance Infra
Reliance Group says pledged share sales drove group firms’ stock plunge
5 years, 11 months ago

Reliance Group says pledged share sales drove group firms’ stock plunge

Live Mint  

Mumbai: Anil Ambani-led Reliance Group or Anil Dhirubhai Ambani Group in a heavy worded statement on Friday said that the open market sale of its pledged shares by L&T Finance Services and Edelwiess Group was illegal and led to a fall of ₹13000 crore in market capitalisation of its group companies. L&T Finance and certain entities of Edelweiss Group between …

Finance Market Sale Share Reliance Group Shares Reliance Power
Anil Ambani-led Reliance Group says illegal action by L&T, Edelweiss entities caused fall in market capitalisation
5 years, 11 months ago

Anil Ambani-led Reliance Group says illegal action by L&T, Edelweiss entities caused fall in market capitalisation

Firstpost  

New Delhi: Anil Ambani-led Reliance Group on Friday accused L&T and Edelweiss entities of “illegal” and “motivated” actions in invoking the pledged shares and selling them in open market causing a steep fall in its share value. A few NBFCs, “substantially L&T Finance and certain entities of Edelweiss Group, have invoked pledge of listed shares of Reliance Group and made …

Market Fall Group Reliance Group Shares Reliance Pledge