Loan & Debt1 Sept 2026, 09:21 pm
Cholamandalam Investment Allots ₹2000 Cr Perpetual NCDs
AI Summary
Cholamandalam Investment and Finance Company Ltd has confirmed the allotment of 2000 unsecured, listed, rated, redeemable perpetual Non-Convertible Debentures (NCDs) on September 1, 2026. The total issue size is ₹2000 crore. These perpetual NCDs have a call option on September 2, 2036, and carry a coupon rate of 8.97% payable annually. The securities are listed on the WDM Segment of NSE and were issued via private placement through the NSE Electronic Book Provider (EBP) platform. This issuance represents a significant debt financing move for the company.
Key Highlights
- Company allotted 2000 perpetual NCDs worth ₹2000 crore.
- NCDs are unsecured, listed, rated, and redeemable.
- Coupon rate is 8.97% with a call option in 2036.
- Issuance was through private placement on NSE EBP.
- This is a debt financing instrument for the company.
Price Impact
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