Edelweiss opens branch in Indore

Mumbai, Sep 5 (UNI) Edelweiss, a leading financial services company with operations in investment banking, institutional equities, private client services and asset management, opened its Indore branch today marking the Company's planned expansion in Madhya Pradesh.

The Company recently became the first Indian investment bank to close the Rs 46.59 crore qualified institutional placement (QIP) deal for Spentex Industries to fund its future growth and acquisition plans.

Company MD and CEO Rashesh Shah, in a press release here, said that Edelweiss has posted a 100 per cent revenue growth consistently for the past three years. ''Our Company is all set to repeat the success this year too by identifying under-served and emerging areas with high-growth potential and offering our expertise and experience,'' he said. The Company has achieved a turnover of Rs 147 crore in 2005-06.

UNI KKD MAZ SKB1857