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Edelweiss Financial Services to raise funds up to Rs 1,500 crore via NCDs

31 Mar 2023 Evaluate

Edelweiss Financial Services has received an approval for raising funds by way of public issue of Non-convertible Debentures (NCDs) for an amount not exceeding Rs 1,500 crore, in one or more tranches. The Board of Directors of the Company at its meeting held on March 30, 2023 has approved the same.

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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