Edelweiss Financial Services Issues 20 Lakh NCDs

Edelweiss Financial Services Issues 20 Lakh NCDs

The NCDs will have a face value of Rs 1,000 each for an amount up to Rs 1,000 million with a green shoe option of up to Rs 1,000 million aggregating to Rs 2,000 million.

FPJ Web DeskUpdated: Saturday, September 23, 2023, 06:02 PM IST
article-image
Edelweiss Financial Services Issues 20 Lakh NCDs | Image: Edelweiss (Representative)

The Debentures Fund Raising Committee of Edelweiss Financial Services on Saturday approved the public issue of 20,00,000 secured, redeemable, non-convertible debentures, the company announced through an exchange filing.

The NCDs will have a face value of Rs 1,000 each for an amount up to Rs 1,000 million with a green shoe option of up to Rs 1,000 million aggregating to Rs 2,000 million.

The NCDs are proposed to be listed on BSE. BSE has been appointed as the Designated Stock Exchange. The NCDs shall be listed within six Working Days from the date of Issue Closure.

CRISIL has given the NCDs a rating of CRISIL AA-/ Negative.

The NCDs have different tenures ranging from 24 months to 120 months and will have an effective yield between 8.94 per cent and 10.44 per cent depending on the tenor.

Edelweiss Financial Service shares

The shares of Edelweiss Financial Services on Friday closed at Rs 52.60, up by 0.093 per cent.

RECENT STORIES

Big Change In EPF Withdrawal Rules Coming, No Need to Wait for Retirement Anymore

Big Change In EPF Withdrawal Rules Coming, No Need to Wait for Retirement Anymore

Tech Mahindra Shares Fall Over 2% As Sequential Net Profit Slips Despite Strong YoY Growth

Tech Mahindra Shares Fall Over 2% As Sequential Net Profit Slips Despite Strong YoY Growth

US President Donald Trump Unveils Plan For Unified Tariff On Over 150 Countries

US President Donald Trump Unveils Plan For Unified Tariff On Over 150 Countries

Anand Mahindra Welcomes Elon Musk And Tesla To India, Says “See You At The Charging Station”

Anand Mahindra Welcomes Elon Musk And Tesla To India, Says “See You At The Charging Station”

PM Kisan Big Alert: 20th Installment Of ₹2000 Coming, Just 1 Day Left To Complete Key Steps

PM Kisan Big Alert: 20th Installment Of ₹2000 Coming, Just 1 Day Left To Complete Key Steps