India's Edelweiss Financial rises after RBI lifts restrictions on unit

Edelweiss Financial Services

18/12/2024 04:22

** Edelweiss Financial Services  EDEL.NS  gains as much as
2.8% to 142.5 rupees, highest since Oct. 1
    ** Co says Reserve Bank of India has lifted restrictions on
unit Edelweiss Asset Reconstruction Co with immediate effect
    ** On May 29, RBI imposed curbs on EDEl's two entities over
concerns of engagement with "evergreening" loans
    ** Stock set to extend gains to a third straight session
    ** EDEL up 79% YTD
    

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))