Edelweiss Financial Services Limited 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 ₹1,750 million (base issue size) with an option to retain oversubscription up to another ₹1,750 million, aggregating to a total of ₹3,500 million. The NCDs will be offered in 10 series with tenures of 24, 36, 60, and 120 months, providing options for annual, monthly, and cumulative interest payments. The effective annual interest yield ranges from 8.64% to 10.01% per annum. The issue is rated "Crisil A+/Stable" by Crisil Ratings Limited. The public issue is scheduled to open on March 2, 2026, and will close on March 16, 2026. At least 75% of the funds raised will be used for repaying existing borrowings (principal and interest), with the remaining balance for general corporate purposes, not exceeding 25% of the amount raised. Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited, and Tipsons Consultancy Services Private Limited are the Lead Managers to the issue. The NCDs will be listed on BSE Limited.
