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Edelweiss Financial Services raises over Rs 240 cr by means of bonds

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Edelweiss Financial Services Ltd (EFSL) on Monday mentioned it has raised over Rs 240 crore by means of the issuance of non-convertible debentures (NCDs).

The firm in a launch mentioned its public problem of its secured redeemable NCDs has been oversubscribed.

“The issue successfully mobilised over Rs 240 crore with the base issue as well as the green shoe option fully subscribed,” the corporate mentioned.

The retail class of the problem is being oversubscribed by 2.27 instances with a complete assortment of round Rs 181 crore. The Issue obtained about 10,647 functions from throughout the nation.

The firm mentioned the above subscription figures are based mostly on the subscription figures out there on the digital platform of the BSE as on January 4, 2021.

“We are delighted with the great response to the NCD issue. The issue has been oversubscribed and we are closing it much earlier than planned,” Edelweiss Group Chairman Rashesh Shah mentioned within the launch.

The problem opened on December 23, 2020, and the corporate has introduced an early closure on January 4, 2021.

The NCDs might be listed on the BSE.

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