Mumbai, Sept. 24 -- Edelweiss Financial Services Limited (EFSL) on Wednesday announced the launch of a public issue of secured, redeemable non-convertible debentures (NCDs) worth up to Rs.3,000 million.

The issue consists of a base size of Rs.1,500 million with a green-shoe option to retain an additional Rs.1,500 million.

Allotments will be made in consultation with BSE Limited, the designated stock exchange, on a first-come-first-serve basis, with proportionate allocation in the case of oversubscription.

The NCDs have been rated "Crisil A+/Stable" by Crisil Ratings Limited, indicating adequate safety of timely payment of financial obligations.

Trust Investment Advisors Pvt. Ltd., Nuvama Wealth Management Ltd., and Tipsons Consultancy...