India’s Edelweiss Financial board approves up to Rs. 20 billion issue

By Sarah Lizee

Olympia, Wash., Sept. 26 – Edelweiss Financial Services Ltd. notified the Bombay Stock Exchange that its board of directors approved on Tuesday an issue of securities for up to Rs. 20 billion.

The securities may be issued as nonconvertible debentures with or without warrants.

The company said funds can also be raised through American depository receipts, global depository receipts, any other securities convertible into equity, qualified institutions placement, preferential issue or rights issue.

Funds may also be raised through any other permissible mode or a combination, subject to the company’s approval.

Edelweiss is a financial services organization based in Mumbai.

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