Edelweiss Financial Services Launches Rs 3,000 Million NCD Public Issue

09 Jul 2025 CW Team

Edelweiss Financial Services (EFSL) has announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) with a total issue size of up to Rs 3,000 million. The issue comprises a base size of Rs 1,500 million with a green shoe option of an additional Rs 1,500 million.

The NCDs, with a face value of Rs 1,000 each, will be offered in 12 series with tenures of 24, 36, 60, and 120 months. Investors can choose from annual, monthly, or cumulative interest options. The effective annual yield ranges from 9.00 per cent to 10.49 per cent.

The public issue will open on Tuesday, 8 July 2025, and close on Monday, 21 July 2025, subject to early closure or extension, as permitted under applicable regulations.

As per regulatory guidelines, at least 75 per cent of the proceeds will be used to repay or prepay existing borrowings (principal and interest), while the remainder will be allocated to general corporate purposes, capped at 25 per cent of the total funds raised.

The proposed NCDs have been rated CRISIL A+/Stable, indicating adequate safety with a stable outlook.

Trust Investment Advisors, Nuvama Wealth Management, and Tipsons Consultancy Services are acting as lead managers for the issue. The NCDs will be listed on BSE to facilitate investor liquidity.

Infrastructure Urban

07 May 2026

Vedanta Reports Record Profit in FY26

Vedanta reported its best-ever financial performance in FY26, with profit after tax of Rs 250.96 billion and revenue of Rs 1.74 trillion, supported by operational excellence across businesses. The company delivered nearly 50 per cent total shareholder return and declared a dividend of Rs 34 per share.Vedanta said its net debt-to-EBITDA improved to 0.95x, strengthening financial flexibility. Its demerger, effective 1 May 2026, is aimed at unlocking value by creating focused businesses across aluminium, oil and gas, power, iron and steel, zinc, copper, nickel and ferro alloys.Vedanta Aluminium p..

KEC Wins Orders Worth Rs 10.02 Billion

KEC International, an RPG Group company and global infrastructure EPC major, has secured new orders worth Rs 10.02 billion across its key businesses.In Transmission and Distribution, the company has won orders for projects in India and the Americas. These include ±500 kV HVDC transmission lines from a private developer in Western India, 132 kV cabling works from a steel producer in Eastern India, and the supply of towers, hardware and poles in the Americas.The renewables business has secured an order for a 100+ MW wind project in Southern India from a private developer. In transportation, KEC..

Hindustan Zinc Opens Cath Lab in Udaipur

Hindustan Zinc recently inaugurated a state-of-the-art Cardiac Catheterisation Laboratory at Rabindranath Tagore Hospital, Udaipur. The facility was inaugurated by Gulab Chand Kataria, Governor of Punjab and Administrator of Chandigarh, in the presence of local MLAs, RNT Hospital leadership and senior Hindustan Zinc officials.The Cath Lab follows an MoU signed earlier between Hindustan Zinc and RNT Hospital for the redevelopment and upgradation of the hospital into a future-ready, multi-speciality healthcare facility. Equipped with advanced cardiac technology, it will support minimally invasiv..