Shares of Edelweiss Financial Services added nearly 4 percent intraday on May 10 after the NBFC arm of Edelweiss Group announced the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) worth Rs 300 crore.
The company in its BSE release said that it will issue NCDs of the face value of Rs 1,000 each, "aggregating up to Rs 150 crore, with an option to retain over-subscription up to Rs 150 crore aggregating to a total of Rs 300 crore."
The NCDs offer an effective yield of 9.90 percent per annum for 24 months tenure, 10.20 percent per annum for 39 months tenure, up to 10.42 percent for 60 months tenure and 10.42 percent for 120 months tenure.
At 1007 hrs, Edelweiss Financial Services was quoting Rs 157.30, up 3.66 percent on the BSE.
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