Cholamandalam Investment and Finance Company Limited has informed the Exchange regarding allotment of 175000 securities pursuant to Non Convertible Securities at its meeting held on Jun 06, 2025
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Cholamandalam Investment and Finance Company has allotted 175,000 secured non-convertible securities (NCDs) on June 6, 2025, raising ₹1,750 crores through a private placement on the NSE Electronic Book Platform (EBP). This includes a green shoe option of ₹500 crores. The securities have a tenure of 721 days (approximately 2 years), maturing on May 28, 2027, with an annual coupon rate of 7.38% and a reissuance yield of 7.43%. The securities are listed on the Wholesale Debt Market (WDM) segment of NSE and are secured at 1x asset cover.
The successful ₹1,750 crore NCD raise at a competitive 7.38% coupon reflects strong investor appetite for Chola's debt instruments and helps diversify its funding base. For equity shareholders, this is debt dilution rather than equity dilution, so there is no direct impact on shareholding, though it supports the company's lending growth.