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The public issue of secured, redeemable, NCDs having face value of Rs 1,000 each is within the shelf limit of Rs 1,000 crore.
The debentures are proposed to be listed on the Bombay Stock Exchange (BSE). The tranche III issue will remain open for subscription from 4 July 2023 to 17 July 2023, except that the issue may close on such earlier date or extended date as may be decided by the board, subject to relevant approvals.
The NCDs have been rated “CRISIL AA-/Negative (pronounced as CRISIL double A minus rating with Negative outlook)” by CRISIL and “ACUITE AA-/ Negative” (pronounced as ACUITE double A minus)” by Acuité.
Edelweiss Financial Services, on standalone basis, is primarily engaged in investment banking services and provides development, managerial and financial support to group entities.
The company reported a net profit of Rs 149.31 crore in Q4 FY23, steeply higher than net profit of Rs 42.45 crore in Q4 FY22. Total income jumped 57.2% YoY to Rs 3,063.87 crore in the quarter ended 31 March 2023.
The scrip added 0.28% to currently trade at Rs 49.85 on the BSE.
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