Edelweiss Financial Services shares fall 17% post RBI action on 2 companies

May 30, 2024

Shares of Edelweiss Financial Services plummeted by 17% on the BSE, hitting a day’s low of Rs 64, following a directive from the Reserve Bank of India (RBI). The RBI directed the company to cease and desist from acquiring financial assets due to concerns arising from structured transactions conducted by its group entities.

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