The Reserve Bank of India (RBI) announced the removal of supervisory restrictions imposed on two Edelweiss Group entities, ECL Finance Ltd and Edelweiss Asset Reconstruction Company Ltd (Edelweiss ARC).

The restrictions were originally applied in May 2024 due to regulatory concerns.

Key Takeaways

• Entities Affected: ECL Finance Ltd and Edelweiss ARC.
• Restrictions Imposed: Prohibited structured transactions and asset acquisition under SARFAESI.
• Lifting of Restrictions: Effective immediately, operations can resume as usual.
• Market Impact: Edelweiss Financial Services Ltd share price rose 7.76%, closing at ?138.80 on the BSE.