Investment23 Feb 2026, 07:41 pm
Cholamandalam Investment and Finance Company Ltd Allots 100,000 Unsecured Redeemable NCDs Worth INR 1000 Crores
AI Summary
Cholamandalam Investment and Finance Company Ltd has confirmed the allotment of 100,000 units of unsecured redeemable listed NCDs in sub-debt form on 23rd February 2026. The NCDs, which are unsecured and subordinated, have a face value of INR 1000 crores and a coupon rate of 8.66% per annum. The NCDs will be listed in the WDM segment of NSE and have a tenure of 7 years. The company has also mentioned that there are no special rights, interests, or privileges associated with these NCDs and there has been no delay or default in the payment of interest or principal amount.
Key Highlights
- Cholamandalam Investment and Finance Company Ltd allotted 100,000 units of unsecured redeemable NCDs
- The NCDs are worth INR 1000 crores and have a coupon rate of 8.66% per annum
- The NCDs have a tenure of 7 years and will be listed in the WDM segment of NSE
- There are no special rights, interests, or privileges associated with these NCDs
- The company has confirmed that there has been no delay or default in the payment of interest or principal amount