Issue Details:
- NCDs with a tenor of 70 Months - Yield Upto 12.68% p.a
- Option of monthly , annual and cumulative interest
- Minimum Application Size of Rs.10,000/-
- No Tax Deducted at Source (TDS) on Interest if held in demat account
- Allotments on a first-come-first-serve-basis
- Subordinated debt eligible for Tier II capital
Suitability
- Investors Looking for Regular Income
- Investors Looking for Superior earning options to bank FDs
ECL Finance Ltd. is the NBFC credit business arm of Edelweiss Financial Services Limited
Business of lending that includes corporate loans, SME Finance, Retial Finance and ESOP Financing.
For Year Ended March 2014, revenue grew by 25% to Rs.812 Crore. PAT Expanded 32% to Rs.160 Crore Total Loan Book, Including credit substitutues, stood at Rs.6,209 Crore as On March 31,2014 (FY13-Rs.5,070 Crore)
