Elitecon International Ltd — Updates, 18-07-2025: Company Update

Edelweiss Financial Services has launched a public issue of Secured Non-Convertible Debentures (NCDs) with a face value of ₹1,000 each. The base issue aims to raise up to ₹150 Cr, with an additional greenshoe option for another ₹150 Cr, potentially aggregating to ₹300 Cr. These NCDs have been rated "Crisil A+/Stable," indicating a good degree of safety regarding timely financial obligations. Allotment will be on a first-come, first-served basis. This fundraising initiative will support the company's financial operations, offering investors an opportunity in secured debt.