Cholamandalam Allots Unsecured Subordinated Non-Convertible Securities Through Private Placement
Cholamandalam Investment and Finance Company Ltd has announced the allotment of unsecured subordinated non-convertible securities through a private placement offering, totaling 2000 crs. The issuance is set to be listed in the WDMSegment of the NSE.The company allotted a total of 200,000 securities for an amount of 2000 crs. This figure includes 1400 crs allocated towards the green shoe component of the issue.
These securities carry an annual coupon rate of 8.88% and are structured to mature in seven years. The interest payments are scheduled annually, with additional payment due upon maturity on June 25, 2033.
Details regarding the securities allotment include:
| Particulars | Specification |
|---|---|
| Type of Security | Unsecured Subordinated Non-Convertible Securities |
| Issuance Method | Private Placement - NSE EBP |
| Total Number of Securities | 200,000 |
| Amount Allotted | 2000 crs |
| Issue Size (including green shoe) | 2000 crs |
| Listing Status | Listed in WDMSegment of NSE |
| Tenure | 7 years |
| Coupon Rate | 8.88% |
| Coupon Frequency | Annual and on Maturity date (June 25, 2033) |
| Security Type | Unsecured |
CHOLAFIN Stock Price Movement
On Thursday, Cholamandalam Investment and Finance Company Limited saw its stock gain by 0.40%, closing at ₹1,799.20 as traders recorded a solid performance for the NBFC giant. The equity achieved a 52-week high during the period, amid robust activity marked by approximately 3.95 million shares changing hands.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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