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 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..