30,700 debentures convert into 22.42 lakh shares at a 15% discount
CHOLAFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts more than Nifty 100 and 0.6 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The company converted 30,700 compulsory convertible debentures, originally allotted to eligible institutional buyers, into 22,42,436 equity shares at Rs 1,369.05 per share. The conversion price was 15% below the seven-day average traded price before 1 October 2025. Paid-up shares increased from 84,13,99,032 to 84,36,41,468, a rise of about 0.27%.
Existing shareholders face about 0.27% dilution, while debt is converted into voting and dividend-sharing equity. The new shares will be listed on NSE and BSE.