The company is yet to issue an official clarification in this matter.
Edelweiss Financial Services is engaged in providing investment banking and advisory services, and holding activities/investments. The firm's segments include agency business, capital based business and life insurance.
Edelweiss Financial Services's consolidated net profit fell 81.2% to Rs 51.17 crore on 10.1% decline in total income to Rs 2,405.24 crore in Q2 September 2019 over Q2 September 2018.