Cholamandalam allots 2,000 cr unsecured NCDs at 8.88% coupon

Fund Raising View source PDF Explain this filing

CHOLAFIN · price

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

-0.8%Reaction day

₹1800.00

prior close

₹1814.60

announcement price

After-mkt

timing

Nifty 100market-0.5%-0.2% vs market

Non Banking Financial Company (NBFC) peers, median of 212sector-0.6%-0.2% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty 100 and 0.2 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

-0.5

10m

-0.3

15m

-0.4

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8-0.5-0.2-0.6-0.2

Next day

-0.2-0.8+0.6-0.2-0.0

+0.0-0.2+0.2+0.0+0.0

-0.6+0.5-1.1+0.0-0.6

-0.6+0.7-1.3+0.9-1.4

+2.9+1.4+1.5+0.6+2.3

-1.8-0.9-0.9-0.8-1.1

15d

-1.1+0.7-1.8-0.2-1.0

-0.1+0.8-0.8-2.0+1.9

+3.2+0.5+2.7-0.1+3.3

-9.6-5.2-4.4-2.8-6.8

UpDownMarket · Nifty 100Sector · Non Banking Financial Company (NBFC) peers, median of 212Pending

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

AI summary

Cholamandalam Investment and Finance Company has allotted 200,000 unsecured subordinated non-convertible securities via private placement on NSE EBP, raising 2,000 crores (including a 1,400 cr green shoe option). The securities carry an annual coupon of 8.88% and have a 7-year tenor maturing on 25 June 2033. The NCDs will be listed on the Wholesale Debt Market segment of NSE.

Likely market impact

The 2,000 cr NCD raise strengthens funding at 8.88% cost to support lending growth, while adding long-term debt obligations maturing in 2033.