Cholamandalam Investment and Finance Company Limited confirms the allotment of secured non-convertible securities via private placement. The company has issued 40,000 securities, amounting to ₹400 crs, as part of a ₹1000 crs issue. The securities are listed in the WDM Segment of NSE, with a tenure of 5 years and a coupon rate of 7.73%.
Secured Securities Allotment
Cholamandalam Investment and Finance Company Limited has announced the allotment of secured non-convertible securities. These securities were issued through a private placement on the NSE EBP platform.
Key Details of the Issuance
The key details of the issuance are as follows:
- Type of Security: Secured Non-Convertible Securities
- Type of Issuance: Private Placement – NSE EBP
- Number of Securities: 40000
- Amount Allotted: 400 crs
- Size of the Issue: 1000 crs (including 600 crs green shoe)
- Listing: Listed in WDM Segment of NSE
- Tenure: 5 years
- Coupon Rate: 7.73%
- Coupon Frequency: Annual (20th Jan) and on Maturity date (20th Jan 2031)
- Coupon Payment Dates: 20th Jan every year and on Maturity date (20th Jan 2031)
- Security: Secured at 1x
Source: BSE
