Edelweiss Financial Services’ wholly owned subsidiary-- ECL Finance (ECLF) will launch the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1,000 each, aggregating to Rs 2,500 million, with an option to retain over-subscription up to Rs 7,500 million aggregating to a total of Rs 10,000 million (Rs 1,000 crore), on December 13, 2018.
The NCDs offer an effective yield of 10.20% p.a. for 39 months tenure, 10.42% p.a. for 60 months tenure and 10.64% for 120 months tenure.
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.
