Edelweiss Financial Services’ wholly owned subsidiary -- Edelweiss Finance & Investments (EFIL) has publically issued Secured Redeemable Non-Convertible Debentures (NCDs) of a face value of Rs 1,000 each, amounting to Rs 125 crore (Base Issue), with an option to retain over-subscription up to Rs 125 crore aggregating to a total of Rs 250 crore.
The NCDs offer an effective Yield upto 10.25% p. a. Plus 0.20% additional interest for tenure 18 months, 36 months, 60 months and 120 months, with an interest option: Monthly, Annual and Cumulative. The funds raised will be primarily used for the purpose of onward lending and the repayment of interest and principal of existing borrowings of company; and for general corporate purposes.
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.
