Epic Update : Edelweiss

Edelweiss, one of India’s leading Financial Services Groups, may rope in a strategic partner for its housing finance arm by divesting 26 per cent stake, said a media report. “We like to follow the insurance company model to offer say 26 per cent to a strategic partner. We do not just want to do so for capital, but for expertise in the mortgage business like in mature markets,” said Rashesh Shah Chairman Edelweiss. The company had, last year, roped in Tokio Marine as partner for its life venture. Shah, however, said that it would think of divesting in the housing finance arm not before a year when its book grew to Rs 2,000-2,500 crore from around Rs 1,500 crore currently.

Get Free Penny Stock Tips,MCX Tips,Stock Tips,Forex Tips & NCDEX Tips,Commodity Tips,Share Tips,commodity tips free trial, nifty free tips,commodity trading tips, shares tips, ShareMarket Tips, Stock Market Tips, free stock tips on mobile,  Stock trading tips,Intraday Tips.