Cholamandalam Investment and Finance Company Limited Allots Secured Non-Convertible Securities
Cholamandalam Investment and Finance Company Limited announced the allotment of secured non-convertible securities through a private placement on the NSE EBP platform. The company issued 200,000 securities with an aggregate amount of 2000 crore, including a green shoe option of 1000 crore.The securities, listed on the Wholesale Debt Market Segment of the National Stock Exchange, carry a coupon rate of 7.94% and a tenure of 3 years, maturing on March 20, 2029. Coupon payments will be made annually on March 20 and on the maturity date. The securities are secured at 1x.
| Particulars | Value |
|---|---|
| Type of Security | Secured Non-Convertible Securities |
| Type of Issuance | Private Placement - NSE EBP |
| No of Securities | 200,000 |
| Amount allotted | 2000 crore |
| Size of the Issue | 2000 crore (including 1000 crore green shoe) |
| Tenure | 3 years (1096 days) |
| Coupon Rate | 7.94% |
| Coupon Frequency | Annual and on Maturity date |
| Security | Secured at 1x |
The allotment was made on March 20, 2026.
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