Edelweiss Financial Services Limited NCD
Edelweiss Financial Services Limited (EFSL), incorporated in 1995, is a Mumbai-based investment banking firm and merchant banker. The company is involved in various businesses such as credit (retail and corporate), wealth management, asset management, asset reconstruction, and insurance, including life and general insurance, through its subsidiaries.
With approximately 300 offices across 126 cities in India and three international locations, Edelweiss has established a pan-India and international network. The company employs around 8,500 individuals.
Edelweiss has been a publicly-traded company since 2007, listed on the National Stock Exchange (NSE) under the symbol EDELWEISS and the Bombay Stock Exchange (BSE) under the code 532922.
The proposed issuance of Non-Convertible Debentures (NCDs) by Edelweiss has received credit ratings from CRISIL Ratings Limited (“CRISIL”) and Acuite Ratings & Research Limited (“Acuite”). CRISIL has assigned a rating of “CRISIL AA-/” with a Negative outlook, while Acuite has assigned a rating of “ACUITE AA-/” with a Negative outlook.
The promoters of Edelweiss Financial Services Limited are Mr. Rashesh Shah, Mr. Venkatchalam Ramaswamy, Ms. Vidya Shah, and Ms. Aparna T.C.
The primary objectives for the issuance of NCDs are as follows:
- Repayment/prepayment of interest and principal of existing borrowings of the company.
- General corporate purposes.
This issuance will provide funds to fulfill the above-mentioned objectives.
