Edelweiss NCDs oversubscribed 1.18 times, closes a week early, raising subscription of ₹ 4,700.08 million

This demonstrates the faith that investors have in our diversified model and the interest in our debt offerings. The Tranche I Issue has seen interest from investors across series and tenures offering annual, monthly, and cumulative interest options with the effective annualised yield ranging from 8.99 per annum to 10.46 per annum.The NCDs have been rated CRISIL AA-Negative pronounced as CRISIL double A minus rating with Negative outlook by Crisil Ratings Limited and ACUITE AA-Negative pronounced as ACUITE double A minus by Acuit Ratings Research Limited.Equirus Capital Private Limited is the Lead Manager to the Issue.

Edelweiss Financial Services Limited (''EFSL''), today announces that the public issue of Secured Redeemable Non-Convertible Debentures (''NCDs'') has been oversubscribed. The Tranche I Issue has seen a considerable subscription in the Retail segment with a total collection of ₹ 2,560.76 million as against the reserved portion of Rs. 800 million on the Base Issue Size. The Tranche I Issue saw good interest from its existing NCD investors, demonstrating continued trust and faith in the group. EFSL decided to do an early closure of the Tranche I Issue on January 16, 2023 against the scheduled Tranche I Issue closure on January 23, 2023.

Commenting on the success of the Tranche I Issue, Rashesh Shah, Chairman, Edelweiss Group, said, ''We are overwhelmed with the trust our investors have in us as shown by the over subscription and early closure of the issue. This demonstrates the faith that investors have in our diversified model and the interest in our debt offerings.'' The Tranche I Issue has seen interest from investors across series and tenures offering annual, monthly, and cumulative interest options with the effective annualised yield ranging from 8.99% per annum to 10.46%* per annum.

The NCDs have been rated 'CRISIL AA-/Negative' (pronounced as CRISIL double A minus rating with Negative outlook) by Crisil Ratings Limited and 'ACUITE AA-/Negative' (pronounced as ACUITE double A minus) by Acuité Ratings & Research Limited.

Equirus Capital Private Limited is the Lead Manager to the Issue. The Tranche I Issue opened on January 3, 2023 and closed on January 16, 2023**. The NCDs will be listed on BSE Limited. About Edelweiss Financial Services Limited: Edelweiss Financial Services Limited (''EFSL''), was incorporated on November 21, 1995 under the name Edelweiss Capital Limited and started operations as an investment banking firm after receipt of a Category II license from SEBI. Edelweiss Capital Limited subsequently received a Category I Merchant Banker license from SEBI with effect from October 16, 2000. The name of Edelweiss Capital Limited was changed to 'Edelweiss Financial Services Limited' with effect from August 1, 2011.

The equity shares of EFSL were listed in December 2007 under the symbol (NSE: EDELWEISS) and (BSE: 532922). Its Corporate Identity Number is L99999MH1995PLC094641.

After commencing the business as an investment banking firm, EFSL through its subsidiaries has now diversified its businesses to include credit including retail and corporate credit, asset management, asset reconstruction insurance including life and general insurance businesses, and wealth management, which are conducted through its subsidiaries and associates. Our research driven approach and consistent ability to capitalise on emerging market trends has enabled it to foster strong relationships across client segments including corporate, institutional (both domestic and international), high net worth individuals and retail clients. It has a pan-India and international network with approximately 237 domestic offices, and three international offices (total 240) and employed approximately 5,955 employees as at September 30, 2022, excluding EWM offices and employees. Our group comprises 28 subsidiaries and 10 associate companies as at September 30, 2022.

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