CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

India’s Edelweiss Financial Services rise after INR4.56bn fundraise

By Vinu Lal

06:53, 3 January 2022

Business advisers examine financial figures displayed on a computer screen
India’s Edelweiss Financial Services up after fundraise – Photo: Shutterstock

India’s Edelweiss Financial Services (EFSL), part of the Edelweiss Group, has raised INR4.56bn ($61.40m) through public issuance of non-convertible debentures, it said in a press statement on Monday.

Shares rise

Shares in Edelweiss Financial Services rose 4.31% to touch INR 75.05 during early trades. The company has allotted 4.56 million debentures of INR1,000 each. The first tranche of the issue was closed on 22 December 2021, ahead of the scheduled closure on 27 December 2021.

“The consistent positive feedback to our NCD issues reassures us of the faith bestowed by the investors. The subscription to the issue was very good and we closed it earlier than planned,” said Rashesh Shah, the Edelweiss Group Chairman.

Good interest

Income from retail and high net worth individuals (HNI) was INR3.62bn, with good interest from existing investors.

The issue saw interest from investors across series and tenures offering annual, monthly and cumulative interest options, with the effective annual yield ranging from 8.75-9.70% per annum, it added.


262.68 Price
+3.920% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 0.25


120.30 Price
+4.610% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 0.15


390.05 Price
+3.090% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 0.38


127.24 Price
+5.440% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 0.06

NCDs are used by corporations to raise funds, with investors subscribing to them eligible for coupon payments. NCDs cannot be converted into company equity or stocks. There were more than 16,000 applications from across the country for the NCDs. Almost 46% of the total issue size was subscribed for five and 10-year tenures.


The NCDs were rated ‘CRISIL AA-/Negative’ (CRISIL double A minus rating with negative outlook) by Crisil Ratings, the S&P Global company, and “ACUITE AA/Negative” (ACUITE double A rating with negative outlook) by Acuite Ratings and Research, a local ratings firm.

Equirus Capital Private was the lead manager to the issue. The NCDs are listed on BSE.

Read more: India to keep interest rates steady till October: Equirus 

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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