Edelweiss ARC looks to raise Rs 650 crore through NCDs

The funds raised will be utilised partly for the acquisition of distressed assets and servicing of debt. This fundraising comes ahead of the repayment obligation of ₹1,250 crore due on June 1, which was borrowed in December 2019 at a lower rate of 11.5%. This is the largest fundraising in over three years for Edelweiss ARC, considering its previous fundraising of ₹1,250 crore in December 2019.

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