Sundaram Finance to Raise ₹500 Cr via NCDs

Sundaram Finance Ltd's board has approved a proposal to raise up to ₹500 crore in FY 2026-27 by issuing Subordinated Non-Convertible Debentures (NCDs) on a private placement basis. This will be done in one or more tranches to raise additional Tier 2 capital in the form of subordinated debt. The decision was made during the Board Meeting held on May 25, 2026, which commenced at 10:00 A.M. and concluded at 1:15 P.M.