| The principal amount of the NCDs to be issued in terms of this Tranche I Prospectus together with all interest due and payable on the NCDs, thereof shall be secured by way of an exclusive and/or pari passu charge in favor of the Debenture Trustee on the assets of the entities permissible under applicable law and/or the Company including loans and advances, receivables, investments, stock in trade, current & other assets held by the entities permissible under applicable law and/or the Company, created in favour of the Debenture Trustee, and/or over the Pledged Securities in favour of the Debenture Trustee for the benefit of the Debenture 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 atleast 100% of the outstanding principal amounts of the NCDs and interest thereon is maintained at all time until the Maturity Date. For exclusive charge, we undertake that the assets and/or the Pledged Securities on which the charge is proposed to be created are free from any encumbrances. 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 our Company 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, our Company 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 this Tranche I 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 |
03-Jan-2023-16-Jan-2023 |
| Security Name |
Edelweiss Financial Services Ltd |
| Security Type |
Secured Redeemable Non-Convertible Debentures |
| Issue Size (Base)( .Cr) |
200 |
| Over subscription |
An Option To Retain Oversubscription Up To Rs. 200 Crores Aggregating To Rs. 400 Crores. |
| Issue Price ( ) |
1000 |
| Face Value ( ) |
1000 |
| Market Lot |
1 |
| Credit Rating |
"CRISIL AA-/Negative" by CRISIL and "ACUITE AA-/ Negative" by ACUITE. |
| Tenor |
24 Months,36 Months,60 Months,120 months |
| Series |
Series1,Series2,Series3,Series4,Series5,Series6,Series7,Series8,Series9,Series10 |
| Payment Frequency |
Yearly,At the End,Monthly |
| Objects of the Issue: |
| Public Issue By The Company of Secured Redeemable Non-Convertible Debentures of Face Value of Rs.1000 each ("NCDS" or "Debentures") For An Amount of Rs. 200 Crores ("Base Issue Size") With An Option To Retain Oversubscription Up to Rs.200 Crores Aggregating Up to Rs.400 Crores, ("Tranche I Issue Limit") ("Tranche I Issue") Which is within the shelf limit of Rs.1000 Crores. |
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| Company Promoters |
| Rashesh Shah |
| Venkatchalam Ramaswamy |
| Vidya Shah |
| Aparna T.C. |
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| Lead Managers |
| 1. Equirus Capital Pvt Ltd |
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| Registrar to the Issue |
| 1. KFIN Technologies Ltd |
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