Investment5 Dec 2025, 10:31 am
Edelweiss Financial Services to Raise up to INR 2500 Million through NCDs with Effective Yield of up to 10.10% per annum
AI Summary
Edelweiss Financial Services Limited (EFSL) announced the public issue of 25,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly and cumulative interest options. The Issue Limit is up to INR 2,500 million, with at least 75% of the funds raised to be used for repayment/prepayment of interest and principal of existing borrowings of the Company. The NCDs have been rated ‘Crisil A+/Stable’ by Crisil Ratings Limited and will be listed on BSE Limited. Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited, and Tipsons Consultancy Services Private Limited are the Lead Managers to the Issue.
Key Highlights
- Edelweiss Financial Services Limited is raising up to INR 2500 million through Non-Convertible Debentures (NCDs)
- The NCDs have an effective yield of up to 10.10% per annum
- Crisil Ratings Limited has assigned a credit rating of Crisil A+/Stable to the NCDs
- At least 75% of the funds raised will be used for repayment/prepayment of interest and principal of existing borrowings
- The NCDs will be listed on BSE Limited for providing liquidity to the investors