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Edelweiss Financial Services raises Rs 400 crore through NCDs

07 Sep 2021 Evaluate

Edelweiss Financial Services has raised Rs 400 crore through non-convertible debentures (NCDs). The issue has seen significant demand in the retail segment with a total collection of Rs 279.106 crore. Almost 50 per cent of the total issue size got subscribed for five-year and 10-year 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.

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