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The debenture fund raising committee has considered and approved the public issue of secured, redeemable, NCDs for an amount up to Rs 125 core with a green shoe option of upto Rs 125 crore, cumulatively aggregating up to 25,00,000 NCDs for an amount aggregating up to Rs 250 crore.
The said NCDs will be listed on BSE.
Meanwhile, the company informed that Joint Commissioner CGST & CX, Thane Commissionerate, has levied the GST demand of Rs 32,39,53,202 and penal interest of Rs 3,23,95,320 on Zuno General Insurance (Zuno), a wholly owned subsidiary of the Company, on the co-insurance premium and reinsurance commission received.
Edelweiss Financial Services is registered as a Category I Merchant Banker with SEBI and is the holding company of the Edelweiss Group. The company on a standalone basis is primarily engaged in investment banking services and provides development, managerial and financial support to the businesses of the Edelweiss group entities. The Edelweiss Group offers a range of products and services, spanning varied asset classes and diversified consumer segments.
The company’s consolidated net profit jumped 13% to Rs 75.95 crore on 1.3% increase in total income to Rs 2164.93 crore in Q2 FY24 over Q2 FY23.
The scrip fell 0.54% to end at Rs 77.96 on Friday, 29 December 2023.
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