Loan & Debt25 Jun 2026, 09:10 pm
Cholamandalam Finance Allots ₹2000 Cr NCDs
AI Summary
Cholamandalam Investment and Finance Company Ltd has confirmed the allotment of 200,000 units of unsecured, rated, listed, redeemable, subordinated Non-Convertible Debentures (NCDs) on June 25, 2026. The total issue size is ₹2000 crore, with a green shoe option of ₹1400 crore. These NCDs have a tenure of 7 years, a coupon rate of 8.88% payable annually, and are listed on the WDM segment of NSE. The allotment was made via private placement through the NSE EBP platform.
Key Highlights
- Allotment of 200,000 unsecured subordinated NCDs confirmed.
- Total issue size amounts to ₹2000 crore.
- NCDs carry a coupon rate of 8.88% annually.
- Maturity date is set for June 25, 2033.
- Securities are listed on NSE's WDM segment.
Price Impact
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