24 Feb 2026 | 5 Mins Read
Rashesh Shah increases Edelweiss stake to 17.5%
Flipitmoney
Rashesh Chandrakant Shah, Edelweiss Group Chairman, bought 2 crore shares (2.1% stake) in Edelweiss Financial Services for ₹236 crore at ₹118 each. This acquisition increases Shah's holding to 17.5%, while Venkatchalam Arakoni Ramaswamy's stake drops to 4.2%. Net profit and revenue surged to ₹264 crore and ₹4,404.4 crore respectively, with alternative asset management FPAUM reaching ₹41,920 crore.