Edelweiss Financial Services has received approval from board of directors for raising up to Rs 1,000 crore through non-convertible debentures (NCDs), half of which will be mopped up in the first tranche. A meeting of the debenture fund raising committee of the company’s board of directors held on November 29, 2021 considered and approved the public issue of secured, redeemable non-convertible debentures.
Edelweiss Financial Services is primarily engaged in the business of rendering merchant banking services. The company operates in two segments – agency business and holding company activities.