HomeNews News Carlyle sells entire 8.2% stake in Edelweiss Carlyle sells entire 8.2% stake in Edelweiss

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Carlyle sells entire 8.2% stake in Edelweiss

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.
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