Company confirms allotment of 500000 units of secured redeemable rated listed ncds on 27th May 2026.
CHOLAFIN · price
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Cholamandalam Investment and Finance Company (CIFCL), the NBFC arm of the Murugappa Group, has allotted 500,000 secured NCDs worth Rs 5,000 crores on May 27, 2026. The issuance was through private placement on NSE's Electronic Book Building platform. The NCDs carry a coupon of 3-month T-Bill + 2.75% (with first reset at 8.12%), payable annually with maturity on February 27, 2029. The securities are secured at 1x coverage and listed on the WDM segment of NSE.
This is a standard NCD issuance by a established NBFC to raise long-term debt capital. The Rs 5,000 crore fund raise will support CIFCL's lending operations and is a routine capital market activity. No immediate impact on equity holders expected from this filing alone.