Edelweiss Financial Services’ subsidiary-- Edelweiss Housing Finance (EHFL) has raised around Rs 276 crore through a public issue of bonds. The public issue of secured redeemable non-convertible debentures (NCDs) has been successfully completed and the company has allotted 27,59,057 NCDs of the face value of Rs 1,000 each, amounting to Rs 275.91 crore.
The issue met a significant demand from the retail segment, with total collections of Rs 173.93 crore. The issue also saw good interest from corporates and other investors.
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.
