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Edelweiss to raise up to ₹200 cr via NCDs Updated: Updated: Share Article AAA Edelweiss Financial Services Ltd (EFSL), the parent arm of Edelweiss Group, has announced public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of a face value of ₹1,000 each, amounting to ₹ 100 crore, with an option to retain over-subscription up to ₹ 100 crore aggregating to a total of ₹200 crore. The NCDs offer an effective yield (cumulative) of 9.95% per annum for 120 months tenure, 9.35% per annum for 36 months tenure and up to 9.80% per annum for 60 months tenure, as per the company. “75% of the funds raised through this Issue will be used for the purpose of repayment /prepayment of interest and principal of existing borrowings of the company and the balance is proposed to be utilized for general corporate purposes, subject to such utilization not exceeding 25% of the amount raised in the Issue, in compliance with SEBI regulations,” the firm said in a statement.

Suresh nambathEdelweiss groupEdelweiss financial services ltdSecured redeemable non convertible debenturesDigital subscriptionSupport qualityஏதெல்வேஸ்ஸ் குழுஏதெல்வேஸ்ஸ் நிதி சேவைகள் லிமிடெட்டிஜிட்டல் சந்தாஆதரவு தரம்