Edelweiss’ NBFC arm invests $30 mn in Hyderabad developer
ECL Finance Ltd, the non-banking financing arm of Edelweiss Financial Services Ltd, has invested Rs 200 crore (roughly $30 million) in a luxury residential project being constructed by a Hyderabad-based developer, two people familiar with the matter told VCCircle. Edelweiss is one of the biggest players in the debt investment market of the real estate sector, and the deal comes after it invested in two north India-based developer and a Mumbai firm over the past year and a half. The latest deal involves ECL investing through non-convertible debentures (NCDs) with a four-year tenor, the people cited above said, asking not...
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Edelweiss Financial Services Ltd. (formerly known as Edelweiss Capital Ltd.) is engaged in providing financial services. It is also engaged in providing advisory and transnational services. The firm offers private placements of equity, capital raising services in public market, mezzanine and convertible debt, corporate debt syndication, mergers and acquisition, infrastructure and real estate advisory services. Its brokerage services include institutional equities, wealth advisory and investment services, client advisory services and financial products distribution. The company was incorporated in 1995 and is based in Mumbai, Maharashtra.
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