StockWatch
·
Holding Company
Loan & Debt1 Jun 2026, 09:23 pm

Edelweiss to Raise ₹31,500 Million via NCD Public Issue

AI Summary

Edelweiss Financial Services Ltd has announced a public issue of secured, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,000 each. The issue aims to raise up to ₹31,500 million as a base issue size, with an additional green shoe option of up to ₹1,500 million, cumulatively aggregating up to ₹3,000 million. The Debenture Fund Raising Committee approved the prospectus on June 1, 2026. The NCDs are proposed to be listed on BSE Limited, with the issue opening on June 8, 2026, and closing on June 19, 2026. Crisil has rated the NCDs as 'Crisil A+/Stable'.

Key Highlights

  • Edelweiss NCD issue: Base size ₹31,500 million, green shoe option up to ₹1,500 million.
  • NCDs rated 'Crisil A+/Stable' by Crisil, indicating adequate safety.
  • Issue opens June 8, 2026, and closes June 19, 2026; listing on BSE.
  • NCDs are secured by a pari passu charge on assets, maintaining 100% security cover.
  • Interest rates for NCD holders range from 8.65% to 10.00% depending on the series.