Edelweiss Financial Services’ subsidiary -- Edelweiss Broking is planning to raise up to Rs 300 crore through the public issuance of non-convertible debentures (NCDs) to support working capital requirements. The issue has opened on July 5, 2022 and will be close on July 26, 2022 with an option of early closure.
The public issue of secured redeemable non-convertible debentures or bonds will have a face value of Rs 1,000 each. The issue has a base issue size of Rs 150 crore with an option to retain an oversubscription of up to Rs 150 crore, aggregating to Rs 300 crore.
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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