ECL Finance mobilises over Rs 300 cr from NCD Tranche 1 issue

The Public Issue of Secured Redeemable Non-Convertible Debentures by ECL Finance, the NBFC arm of Edelweiss Group has been fully subscribed. The issue successfully mobilized over Rs 300 crore within eight days.

The Tranche I Issue was opened on 10 May and was scheduled to close on 07 June. The base size of the issue was Rs 150 crore with an option to retain over-subscription up to Rs 150 crore aggregating to a total of Rs 300 crore.

The Tranche I Issue has seen a keen interest from retail investors with the retail bucket being oversubscribed by 2.36 times with total collection of Rs 212 crore. The Tranche I Issue received close to 15,827 applications pan India.

 

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