Edelweiss Financial Services has received approval to raise fund through public issue of secured, redeemable, non-convertible debentures of face value of Rs 1,000 each (NCDs) for an amount up to Rs 2000 million (Base Issue Size) with an option to retain oversubscription up to Rs 2000 million, aggregating up to Rs 4000 million (Tranche II Issue Limit) (Tranche II Issue), which is within the shelf limit of Rs 10,000 million. A meeting of the Debenture Fund Raising Committee of the Board of Directors of Edelweiss Financial Services at its meeting held on September 26, 2022 considered and approved the same.
Edelweiss Financial Services is primarily engaged in the business of rendering merchant banking services. The company operates in two segments - agency business and holding company activities.
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