Swan Defence and Heavy Industries plans offer for sale to achieve minimum public shareholding

Business Desk — Mon, 09 Mar 2026 12:49:24 +0000

Swan Defence and Heavy Industries has received communication from promoter Hazel Infra Limited expressing intention to evaluate a proposal to sell approximately 5.01% of the company’s equity shares through an Offer for Sale (OFS) mechanism.

The potential sale aims to achieve Minimum Public Shareholding (MPS) requirements. As of 9 March 2026, the proposal remains under evaluation, with the company stating it will make further disclosures in accordance with SEBI regulations and applicable circulars upon receiving final confirmation from the promoter.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by News Desk before publication.

Edelweiss completes ₹375 crore sale of 4.4% stake in EAAA India Alternatives

Business Desk — Mon, 09 Mar 2026 03:36:21 +0000

Edelweiss Financial Services has successfully completed the sale of 4.4% of EAAA India Alternatives’ common equity, raising ₹375 crore. The sale, initially intended to be around 4%, was driven by strong investor demand, leading the company to extend the placement to 4.4%.

The allocation was made to key limited partners and select individual investors who have been long-standing supporters of the platform. This divestment marks a significant milestone in EAAA’s journey towards becoming a listed entity, reflecting strong investor confidence in the platform. EAAA filed its Draft Red Herring Prospectus (DRHP) for an Initial Public Offering (IPO) in January 2026, with the approval process currently underway.

EAAA India Alternatives, formerly known as Edelweiss Alternative Asset Advisors, manages assets worth ₹68,175 crore, with fee-paying assets under management (AUM) of ₹41,920 crore. Since FY21, the company has raised ₹46,000 crore, deployed ₹36,000 crore, and realised ₹38,000 crore. EAAA’s strategic rationale for listing includes enhancing transparency, broadening access to capital, and institutionalising the alternatives segment.

As a pioneer in yield strategies within the Indian alternatives market, EAAA aims to channel ‘Patient Capital’ for India’s growth. The company has a diverse investment portfolio, with 55% of its AUM coming from onshore clients and a client base of approximately 5,500, including over 1,000 repeat clients.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by Aman Shukla before publication.

Equity Sale | Business Upturn

Swan Defence and Heavy Industries plans offer for sale to achieve minimum public shareholding

Edelweiss completes ₹375 crore sale of 4.4% stake in EAAA India Alternatives