Budget 2023Budget 2023


  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
Budget 2023
Budget 2023

Edelweiss Financial Services NCD Issue: Should you invest?

The proceeds from the NCD issue are to be used towards repayment of financial obligations, rather than growth

December 07, 2021 / 04:20 PM IST

Edelweiss Financial Services is issuing non-convertible debentures and the first tranche is available to investors from December 6, 2021 for subscription of up to Rs 500 crore.

Investors will have to option to choose from ten series of debentures spread across tenures of 24 months to 120 months. The coupon offered ranges from 8.75-9.70 percent a year, with monthly, annual and cumulative interest pay-outs.

They come with a face value of Rs 1,000 and you can invest a minimum of Rs 10,000. You can invest and hold only in dematerialized form, hence a demat account is necessary for this issue.

What’s good