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News Details

08/06/2026 10:58

Edelweiss Financial Services Launches Rs 300 crore NCD Public Issue

Edelweiss Financial Services Limited (EFSL) has announced the launch of a public issue of secured redeemable non-convertible debentures (NCDs) with an aggregate issue size of up to Rs 300 crore.

The issue comprises a base size of Rs 150 crore, along with a green shoe option of up to Rs 150 crore, taking the total fundraising limit to Rs 300 crore. The NCDs have a face value of Rs 1,000 each and are offered across 10 series with tenures ranging from 24 months to 120 months.

Investors can choose from annual, monthly, and cumulative interest payment options, with effective annual yields ranging between 8.64% and 10.00%.

The public issue is scheduled to open on June 8, 2026, and close on June 19, 2026. According to the company, at least 75% of the proceeds will be utilized towards the repayment or prepayment of existing borrowings, while the remaining funds will be used for general corporate purposes, subject to regulatory limits.

The proposed NCDs have been assigned a “CRISIL A+/Stable” rating, indicating an adequate degree of safety regarding timely servicing of financial obligations.

Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited, and Tipsons Consultancy Services Private Limited are acting as the lead managers to the issue. The NCDs are proposed to be listed on BSE Limited, providing liquidity to investors.