In the past six trading days, the share price of Edelweiss Financial Services
has plunged 35 per cent, as compared to a 2 per cent decline in the S&P BSE Sensex.
“The current probes by IL&FS on Kohinoor transactions are for the period of 2005-12 and related to transactions entered into by IL&FS and certain parties. Edelweiss group had no exposure to Kohinoor during that period,” Edelweiss Financial Services
said in a regulatory filing.
ED has asked for some information and understanding of the process and the same has been briefed to them by us, it added. CLICK HERE TO READ FULL REPORT