Edelweiss Financial Services Limited announces ₹ 3,000 million Public Issue of Secured Redeemable Non-Convertible Debentures (NCDs)
Edelweiss Financial Services Limited (“EFSL”/ “Company”),announced the public issue of Secured Redeemable Non-Convertible Debentures (“NCDs”) of the face value of ₹ 1,000 each for an amount up to ₹ 1,500 million (“Base Issue Size”), with a green shoe option of up to ₹ 1,500 million, cumulatively aggregating up to ₹ 3,000 million (“Issue Limit”).
The Issue has 12 series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly and cumulative interest options. Effective annual interest yield on the NCDs ranges from 9.00% p.a. to 10.49% p.a.
The Issue is scheduled to open on Tuesday, July 8, 2025 and close on Monday, July 21, 2025.
At least 75% of the funds raised through this Issue will be used for the purpose of repayment/prepayment of interest and principal of existing borrowings of the Company$ and the balance is proposed to be utilized for general corporate purposes, subject to such utilization not exceeding 25% of the amount raised in the Issue, in compliance with the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, as amended from time to time (“SEBI NCS Regulations”).
The NCDs proposed to be issued under the Issue have been rated “Crisil A+/Stable (pronounced as “Crisil A plus rating” with Stable outlook).
Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited# and Tipsons Consultancy Services Private Limited are the Lead Managers to the Issue. The NCDs will be listed on BSE Limited to provide liquidity to the investors.
