Edelweiss Finvest has informed that the Board of Directors of the Company at its meeting held on February 12, 2020 has, subject to necessary approvals, approved the, issue of Non-convertible Debt Securities by way of Private Placement for an amount not exceeding Rs 5,000 crores, in one or more tranches; and scheme of Merger of the Company with Edel Finance Company, a fellow subsidiary company.
The above information is a part of company’s filings submitted to BSE.