Sundaram Finance Approves Raising Up to ₹500 Crore Through Subordinated NCDs for Tier 2 Capital
Sundaram Finance Limited announced that its Board of Directors approved a strategic plan to raise additional Tier 2 capital. The funding will be secured through the issuance of Subordinated Non-Convertible Debentures (NCDs), amounting to up to ₹500 crore.The board approved this capital raise for the fiscal year 2026-27. The debt funding will be structured via a private placement basis, disbursed in one or more tranches.
The company's Board of Directors conducted the meeting on May 25, 2026. The meeting commenced at 10:00 A.M. and concluded at 1:15 P.M.
The capital raise is designed to bolster the company's Tier 2 capital structure using the specialized instrument of subordinated debt.
SUNDARMFIN Stock Price Movement
Shares of Sundaram Finance Limited are shedding 1.94% in live trading, dropping ₹87.00 to ₹4406.5 as of 2:12 PM. Trading volume currently stands at 49,408 shares, indicating the underlying pressure contributing to the day's intraday decline.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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