Comments
Edelweiss Financial Services Ltd (EFSL) has decided to raise up to ₹500 crore via public issue of secured, redeemable, non-convertible debentures of face value ₹1,000 each.
The base size of the public issue is for an amount up to ₹200 crore with an option to retain oversubscription up to ₹300 crore. The issue is within the shelf limit of ₹1,000 crore.
The minimum subscription amount is ₹10,000 (10 NCDs) across all 10 series of NCDs. Investment thereafter will be in multiples of ₹1,000 (one NCD).
Depending on the tenor, the effective yield per annum ranges from 8.75 per cent to 9.70 per cent, as per EFSL’s exchange filing.
The NCDs are proposed to be listed on BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.