MUMBAI, MAHARASHTRA, 04/07/2016: Rashesh Shah, Chairman and CEO, Edelweiss Group, addressing a press conference to announce the public issue of Secured Non-Convertible Debentures (NCDs) by Edelweiss Housing Finance Limited to the tune of Rs.500 crores. Photo: Shashi Ashiwal | Photo Credit: SHASHI ASHIWAL
The ₹400 crore public issue of non convertible debentures of Edelweiss Financial Services was oversubscribed with over 17,000 applications from across the country.
“Retail category oversubscribed by 1.74 times with a total collection of ₹279.10 crore,” Edelweiss said in a statement.
The NCD issue has seen interest from investors across series and tenures offering annual, monthly, and cumulative interest options with the effective annual yield ranging from 9.09 per cent to 9.70 per cent, it further said.
“The issue has been oversubscribed, which shows the faith that investors across categories have in our diversified model and the appetite for high quality financial papers that offer competitive interest rates,” said Rashesh Shah, Chairman and Managing Director, Edelweiss Financial Services.
Published on September 7, 2021
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