Edelweiss Financial Services shares rallied nearly 5 per cent on Monday after NBFC arm of Edelweiss Group raised Rs 515 crore through non-convertible debentures.
On the BSE, the stock rose 4.73 per cent to settle at Rs 128.35.
The scrip closed the day at Rs 127.40, up 3.70 per cent, on the NSE.
ECL Finance Ltd (ECLF), the NBFC arm of Edelweiss Group, raised Rs 515 crore in tranch II of public issue of secured redeemable non-convertible debentures, Edelweiss Financial Services said in a BSE filing on Sunday.
Tranch II issue has raised over Rs 500 crore with retail, HNI and corporate categories being oversubscribed, it added.
"The public issue of secured redeemable non-convertible debentures by ECL Finance Ltd (ECLF), the NBFC arm of the Edelweiss Group has been fully subscribed. The tranche II issue has successfully mobilised over Rs 515 crore."
ECL Finance Ltd provides with corporate and retail loan products which includes structured collateralised credit, wholesale mortgages, SME's and others, ESOP and margin funding loans, loans against property and agri credit.
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