Chola Fin converts 43,000 CCDs into 30.55 lakh equity shares

QIP at a discountFund Raising View source PDF Explain this filing

CHOLAFIN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.5%Reaction day

₹1620.00

prior close

₹1619.70

announcement price

After-mkt

timing

Nifty 100market-0.9%-1.5% vs market

Non Banking Financial Company (NBFC) peers, median of 220sector-0.5%-1.9% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty 100 and 1.9 pts less 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.2

10m

-1.3

15m

-1.2

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.5-0.9-1.5-0.5-1.9

Next day

-0.9-0.4-0.5-0.6-0.3

-0.6+0.6-1.2-0.6+0.0

-2.7-0.2-2.6-1.0-1.7

-4.7-2.0-2.7-2.4-2.3

-2.0-0.8-1.2-1.7-0.3

+0.0+0.1-0.1-0.5+0.5

15d

-10.5-0.4-10.1-5.5-5.0

+0.1+2.7-2.6-4.3+4.4

—————

UpDownMarket · Nifty 100Sector · Non Banking Financial Company (NBFC) peers, median of 220Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Cholamandalam Investment converted 43,000 CCDs of Rs 1 lakh face value (7.5% coupon, issued to QIBs in Oct 2023) into 30,54,849 equity shares at Rs 1,407.59 each, a 16.50% discount to the 7-day VWAP. Paid-up equity capital rises from 85.44 crore to 85.75 crore shares, a small dilution of about 0.36 percent for existing shareholders.

Likely market impact

Minor dilution of about 0.36% from CCD conversion at 16.50% discount to market; equity base expands slightly.