India New Issue-Edelweiss Financial Services eyes 2-bln-rupee public issue - bankers

Edelweiss Financial Services

13/09/2023 10:21

MUMBAI, Sept 13 (Reuters) - India's Edelweiss Financial
Services plans to raise up to 2 billion rupees ($24.11 million)
through a public issue of bonds, two bankers said on Wednesday.
    The issue will have a base size and a greenshoe option of 1
billion rupees each. 
    The proposed bonds are rated AA- by Crisil.
    Trust Investment and Nuvama Wealth are the lead managers to
this public issue.
    The company had last tapped the public issue market in July,
when it raised 2.6 billion rupees via bonds, Securities and
Exchange Board of India data showed. 

($1 = 82.9600 Indian rupees)

 (Reporting by Bhakti Tambe; Editing by Mrigank Dhaniwala)
 ((Bhakti.Tambe@thomsonreuters.com))