Edelweiss financial services announces ₹3,000 m NCD issue

Edelweiss Financial Services Limited (EFSL) has announced a public issue of secured redeemable non-convertible debentures (NCDs) with a face value of ₹1,000 each. The issue aims to raise up to ₹1,500 million as a base issue, with a green shoe option for an additional ₹1,500 million, totaling ₹3,000 million. The NCDs offer an effective annual interest yield ranging from 9.00% to 10.25% p.a., with tenures of 24, 36, 60, and 120 months, and options for annual, monthly, or cumulative interest. CRISIL Ratings Limited has assigned a rating of “CRISIL A+/Stable” to the NCDs.

The public issue is scheduled to open on Wednesday, September 24, 2025, and will close on Wednesday, October 8, 2025. Applications will be accepted on a first-come, first-served basis, with proportionate allotment for oversubscriptions. The funds raised will primarily be used for the repayment or prepayment of existing borrowings, with the balance allocated for general corporate purposes, adhering to SEBI NCS Regulations. The NCDs will be listed on BSE Limited to provide liquidity for investors.

EFSL, incorporated on November 21, 1995, has diversified its operations from investment banking into retail and corporate credit, mutual funds, alternative asset management, and insurance. The company reported 5,615 employees and 257 offices as of June 30, 2025.