The deal has a base size of up to Rs 1,500 crore with an up to Rs 500 crore upsize option, the term sheet showed.
Edelweiss is selling the shares in a price range of Rs 280 to Rs 285 each, which would be a discount of 0.9 per cent to a premium of 0.9 per cent to the stock's Wednesday closing price.
The so-called qualified institutions placement will lead to a dilution of up to 7.7 per cent of post-issue capital.
The funds raised will be used to fund growth and expansion, and to boost capital ratios, Edelweiss said in a filing.
Citigroup, Emkay, ICICI Securities, Kotak Mahindra Capital and SBI Capital Markets are managing the share sale, according to the filing.
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