Edelweiss Financial Services Limited announces 3,000million Public Issue of Secured Redeemable Non-Convertible Debentures (NCDs)
Edelweiss Financial Services Limited ("EFSL"/"Company"), today announced the public issue of Secured Redeemable Non-Convertible Debentures ("NCDs") of the face value of Rs 1,000 each for an amount up to Rs 1,500 million ("Base Issue Size"), with a green shoe option of up to Rs 1,500 million, cumulatively aggregating up to Rs 3,000 million ("Issue Limit").
The Issue has 10 series of 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. Effective annual interest yield on the NCDs ranges from 8.64% p.a. to 10.00% p.a.
The Issue is scheduled to open on Monday, September 21, 2026, and close on Monday, October 05, 2026 .**
At least 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 Companys 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 the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, as amended from time to time ("SEBI NCS Regulations").
The NCDs proposed to be issued under the Issue have been rated "Crisil A+/Stable" (pronounced as "Crisil A plus rating" with Stable outlook).
Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited" and Tipsons Consultancy Services Private Limited are the Lead Managers to the Issue. The NCDs will be listed on BSE Limited to provide liquidity to the investors.
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