New Delhi, June 9 -- Edelweiss Financial Services Ltd has launched a public issue of secured non-convertible debentures (NCDs) worth Rs.150 crore, and a green shoe option of up to Rs.150 crore. This takes the total issue size to Rs.300 crore.

The NCD issue opened on June 8 and is scheduled to close on June 19,

However, company has reserved the right to close the issue earlier or extend the closing date, subject to regulatory approvals.

The company said, "At least 75% of the funds raised through this Issue will be used for the purpose of repayment/prepayment of interest and principal of existing borrowings of the company and the balance is proposed to be utilized for general corporate purposes, subject to such utilization not exceeding ...