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Last Updated : Dec 27, 2013 06:11 PM IST | Source: Moneycontrol.com

ECL Finance files DRHP to raise Rs 500 crore via NCD issue

ECL Finance, one of India's leading diversified financial services group, has filed DRHP to raise Rs 500 crore via its public issue of secured redeemable non-convertible debentures of the face value of Rs 1,000 each.


Mumbai based diversified financial services group company ECL Finance has filed DRHP for its public issue of secured redeemable non-convertible debentures of the face value of Rs 1,000 each, aggregating upto Rs 250 crore with an option to retain over-subscription upto Rs 250 crore aggregating to a total of upto Rs 500 crore.


The NCDs offered through this draft prospectus are proposed to be listed on BSE Limited.


The company is one of India's leading diversified financial services Group, which offers a large range of products and services spanning across asset classes and consumer segments. However, NSDL and CDSL are the depositories to this issue.

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ICICI Securities Limited, Axis Capital Limited and Edelweiss Financial Services Limited are the lead managres and Link Intime India Private Limited will be the registrar to the issue.


One can apply for minimum application of 10 NCDs in multiples of one NCD after the minimum application.

The issue have been rated "CARE AA" by CARE and "BWR AA/Stable" by Brickwork.

First Published on Dec 27, 2013 06:11 pm
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