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The principal amount of the NCDs to be issued in terms of the Prospectus together with all interest due and payable on the NCDs, thereof shall be secured by way of pari passu charge in favor of the Debenture Trustee on the assets of the entities permissible under applicable law and/or the Issuer including loans and advances, receivables, investments, stock in trade, current & other assets and/or immovable property / fixed assets held by the entities permissible under Applicable Law and/or the Issuer, created in favour of the Debenture Trustee, and/or over the Pledged Securities in favour of the Debenture Trustee for the benefit of the NCD holders, except those specifically and exclusively charged in favour of certain existing charge holders as specifically set out in and fully described in the Debenture Trust Deed and/or Securities Pledge Agreement, such that a security cover of at least 100% of the outstanding principal amounts of the NCDs and interest thereon is maintained at all time until the Maturity Date. We have received necessary consents from the relevant debenture trustees for ceding pari-passu charge in favour of the Debenture Trustee in relation to the NCDs. The NCDs shall be considered as secured only if the charged asset is registered with sub-registrar and/or RoC or CERSAI or Depository etc., as applicable, or is independently verifiable by the Debenture Trustee. Without prejudice to the aforesaid, in the event the Issuer fails to execute the Debenture Trust Deed within the period specified in Regulation 18(1) of the SEBI NCS Regulations or such other time frame as may be stipulated from time-to- time, the Issuer shall also pay interest of at least 2% (two per cent) per annum to the NCD holders, over and above the interest rate on the NCDs specified in the Prospectus, till the execution of the Debenture Trust Deed. The security shall be created prior to making the listing application for the NCDs with the Stock Exchange. |
| Issue Details |
| Issue Open |
08-Jul-2024-22-Jul-2024 |
| Security Name |
Edelweiss Financial Services Limited |
| Security Type |
Secured Redeemable Non-Convertible Debentures |
| Issue Size (Base) .Cr |
100 |
| Over subscription |
A GREEN SHOE OPTION OF UP TO Rs. 100 CRORE, CUMULATIVELY AGGREGATING UP TO Rs. 200 CRORE ("ISSUE LIMIT") |
| Issue Price |
1000 |
| Face Value |
1000 |
| Market Lot |
1 |
| Credit Rating |
"CRISIL A+/Watch Negative" by CRISIL. |
| Tenor |
24 months,36 Months,60 Months,120 Months |
| Series |
Series1,Series2,Series3,Series4,Series5,Series6,Series7,Series8,Series9,Series10,Series11,Series12 |
| Payment Frequency |
Yearly,At the End,Monthly |
| Objects of the Issue: |
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PUBLIC ISSUE BY THE ISSUER OF 2000000 SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES OF FACE VALUE OF Rs. 1000 EACH ("NCDS" OR "DEBENTURES") FOR AN AMOUNT UP TO Rs. 100 CRORE ("BASE ISSUE SIZE") WITH A GREEN SHOE OPTION OF UP TO Rs. 100 CRORE, CUMULATIVELY AGGREGATING UP TO Rs. 200 CRORE ("ISSUE LIMIT"). |
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| Company Promoters |
| Rashesh Chandrakant Shah |
| Venkatchalam A Ramaswamy |
| Vidya Rashesh Shah |
| Aparna T.C. |
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| Lead Managers |
| 1. Trust Investment Advisors Private Limited |
| 2. Nuvama Wealth Management Limited |
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| Registrar to the Issue |
| 1. KFIN Technologies Ltd |
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