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Edelweiss Financial Services’ arm raises funds through NCDs

04 Nov 2019 Evaluate

Edelweiss Financial Services’ subsidiary -- ECL Finance has raised funds through public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of a face value of Rs 1,000 each, amounting to Rs 100 crore (Base Issue), with an option to retain over-subscription up to Rs 400 crore aggregating to a total of Rs 500 crore (Tranche II Issue).

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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