Corporate Action8 Jul 2026, 09:40 pm
Cholamandalam Investment Converts ₹20,000 Cr CCDs to Equity
AI Summary
Cholamandalam Investment and Finance Company Ltd has approved the conversion of 20,000 Compulsorily Convertible Debentures (CCDs) with a face value of ₹1,00,000 each into 13,54,940 equity shares. The conversion price is ₹1476.08 per share, representing a 16.50% discount to the seven-day volume-weighted average price preceding July 1, 2026. This conversion increases the company's issued and paid-up capital. The newly allotted equity shares will rank pari-passu with existing shares and will be listed on both BSE and NSE.
Key Highlights
- 20,000 CCDs converted into 13,54,940 equity shares.
- Conversion price set at ₹1476.08 per equity share.
- Issued and paid-up capital increased post-conversion.
- New shares will be listed and rank pari-passu with existing equity.
Price Impact
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