Edelweiss Financial Services announces Rs. 2,000 million Public Issue of Secured Redeemable NCDs

Mumbai : Edelweiss Financial Services Limited (“EFSL”/ “Company”), today announced the public issue of Secured Redeemable Non-Convertible Debentures (“NCDs”) of the face value of Rs. 1,000 each for an amount up to Rs. 1,000 million (“Base Issue Size”), with a green shoe option of up to Rs. 1,000 million, cumulatively aggregating up to Rs. 2,000 million (“Issue Limit”). The Issue hastwelve series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly, and cumulative interest options. Effective annual interest yield on the NCDs ranges from 9.50% p.a. to 11.00% p.a. The Issue is scheduled to open on Tuesday, April 8, 2025 and close on Thursday, April 24, 2025. ** At least 75% of the funds raised through this Issue will be used for the purpose of repayment/prepayment of interest and principal of existing borrowings of the Company$ and the balance is proposed to be utilized for general corporate purposes,subject to such utilization not exceeding 25% of the amount raised in the Issue, in compliance with the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, as amended from time to time (“SEBI NCS Regulations”). The NCDs proposed to be issued under the Issue have been rated “Crisil A+/ Stable (pronounced as Crisil A plus rating with Stable outlook). Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited# and Tipsons Consultancy Services Private Limited are the Lead Managers to the Issue. The NCDs will be listed on BSE Limited to provide liquidity to the investors. #Nuvama Wealth ManagementLimited is deemed to be an associate of theCompany, as perthe Securities and ExchangeBoard ofIndia (MerchantBankers) Regulations, 1992, as amended (Merchant Bankers Regulations). Further, in compliance with the provisions of Regulation 21A and explanation to Regulation 21A of the Merchant Bankers Regulations, Nuvama Wealth Management Limited would be involved only in marketing of the Issue and as per Regulation 25 (3) of the the SEBI NCS Regulations and shall not issue a due diligence certificate.