ECL Finance issue fully subscribed

MUMBAI: The public issue of secured redeemable non-convertible debentures by ECL Finance (ECLF), the NBFC arm of Edelweiss Group, was fully subscribed across categories.

The issue successfully mobilised over Rs 1,000 crore, making it one of the only in the last quarter to have even the green shoe option fully subscribed.

The issue has seen keen interest from retail investors with the retail bucket being oversubscribed by 1.78 times with total collection of Rs 500 crore against the bucket size of Rs 300 crore.