Edelweiss Financial Services (EFSL) has unveiled the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1,000 each, amounting to Rs 200 crore (Base Issue), with an option to retain over-subscription up to Rs 200 crore aggregating to Rs 400 crore.
There are 10 series of NCDs carrying fixed coupons and having tenure of 24 months, 36 months, 60 months and 120 months with annual, monthly and cumulative interest options. Effective annual yield for NCDs ranges from 8.94% p.a. to 10.46% p.a. The Tranche II Issue is scheduled to open on April 6, 2023 and close on April 21, 2023.
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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Bajaj Finance | 6740.00 |
Shriram Finance | 2366.85 |
Aditya Birla Capital | 223.45 |
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