Announced Wed, 8 Jul · 21:38 IST
Chola Fin: 13.55 lakh shares allotted on CCD conversion at 16.5% discount
CHOLAFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.4%1-day move
₹1767.00
prior close
₹1767.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2+0.5+0.5-0.3+2.4+2.3+0.2+2.2+1.5+0.7————
Up moveDown movePending
AI summary
Cholamandalam Investment and Finance has allotted 13,54,940 equity shares after one CCD holder converted 20,000 Compulsorily Convertible Debentures. The conversion price was Rs. 1,476.08 per share, set at a 16.50% discount to the 7-day VWAP on NSE before July 1, 2026. These CCDs were issued in October 2023 at Rs. 1 lakh each to QIBs, carrying 7.5% coupon. Paid-up equity capital rose from 85.27 crore shares to 85.40 crore shares.
Likely market impact
Mild dilution of about 0.16% from conversion of 20,000 CCDs at a 16.5% discount to VWAP. Limited share price impact expected.