Carlyle sells entire 8.2% stake in Edelweiss
Saturday, March 11, 2017, 4:09 PM
Carlyle Group, the US-headquartered investment entity, announced on Friday it had sold its entire 8.2% stake in Edelweiss Financial Services, in the secondary market. The exit has been well-timed. Shares of Edelweiss have risen 2.5 times in the past year, and gained nearly 40% on a year-to-date basis. Shares of Edelweiss on Friday closed at Rs 134.2.