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Finance | October 2011

Edelweiss Grp aspire Rs 2,000-cr business by FY13

Edelweiss Housing Finance Group is planning to increase its presence across the country.
It is eyeing entire business of Rs 2000 crore business by the next financial year. The focus of the business is retail business . The group is present in five cities that will further rise to nine cities.

There is a requirement of approximately Rs 70 crore of equity capital base as of now and may further need Rs 20 crore in the current fiscal.

It is learnt that the pressure on margin on the back of increasing interest rates , the firm is likely not under pressure and would maintain a spread of 2.5 per cent in the future.

Edelweiss Housing Finance
Tel: 91-22-2286 4400
Fax: 91- 022-40979878

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