Company confirms allotment of 50000 units of secured listed redeemable rated ncds on 5th May 2026.
CHOLAFIN · price
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Cholamandalam Investment and Finance Company Ltd has allotted 50,000 units of secured non-convertible debentures through a private placement on NSE's EBP platform. The total amount allotted is Rs 500 crores out of a total issue size of Rs 1,500 crores (including a Rs 1,000 crore green shoe option). The NCDs carry a coupon rate of 8.08% payable annually with the first payment due on 5th June 2026, and mature on 5th June 2029. The securities are secured at 1x and listed on the WDM segment of NSE.
This is a routine debt issuance by the NBFC to raise capital. The 8.08% coupon rate is competitive for a secured NCD and indicates healthy investor demand. The funds will support the company's lending operations.