Corporate News 28-Sep-22
Edelweiss invest Rs 250 cr in rights issue of Edelweiss Tokio Life Insurance Company
Increases stake in Edelweiss Tokio Life Insurance Company from 66% to 75.08%
Edelweiss Financial Services has subscribed to the Rights Issue of Edelweiss Tokio Life Insurance Company (ETLI), a subsidiary of the Company and has been allotted 25,00,00,000 equity shares of Rs. 10 each for a consideration of Rs. 250 crore. Consequently, the shareholding of the Company in ETLI has gone up from 66% to 75.08%.
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