Khaitan & Co facilitates the ₹200 crore Non-Convertible Debenture (NCD) release by Nido Home Finance
Nido Home Depot Finance Limited Raises Funds through Public Issue
Nido Home Depot Finance Limited, a part of the Edelweiss Group, has announced a public issue of secured, redeemable, non-convertible debentures worth up to ₹200 crore. The transaction was advised by Khaitan & Co, with Soumya Mohapatra, a Partner at the firm, leading the team.
The base issue of the debentures is ₹100 crore, with a green shoe option up to ₹100 crore, aggregating the total to ₹200 crore. The transaction team at Khaitan & Co included Soumya Mohapatra, Mayank Chaturvedi (Senior Associate), Gyana Pathak (Associate), Mishi Malhotra (Associate), Pratishthit Mittal (Associate), and Shubha Ojha (Associate).
Nido Home Depot Finance Limited is a Housing Finance Company, offering Home Loans and Loan against Property (LAP) to cater to customers from all income segments. The company has filed the Draft Prospectus with the Securities and Exchange Board of India (SEBI) and the Bombay Stock Exchange (BSE), and the Prospectus with the Registrar of Companies, Maharashtra at Mumbai, SEBI and BSE.
Nido Home Depot Finance Limited is a significant player within the Edelweiss Group, contributing to their diverse portfolio. The public issue marks a significant step forward for the company, providing it with the necessary funds to continue its operations and expansion.
This development is a testament to Nido Home Depot Finance Limited's commitment to providing affordable housing solutions and its strong relationship with the Edelweiss Group. Further financial details about the public issue were not provided.
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