The Board of Directors of Sundaram Finance has approved revising the limit for raising funds through the issuance of Non-Convertible Debentures. The decision was made during a board meeting held on February 2, 2026. The company plans to raise funds during the financial year 2025-26, with the issuance limit increased from ₹13,000 crore to ₹16,000 crore. This will be executed via private placement in one or more tranches.
Revised Fundraising Plans
Sundaram Finance announced that its Board of Directors has approved a revision to the limit for raising funds. This decision came during a board meeting held today, February 2, 2026.
Details of Debenture Issuance
The company plans to raise funds through the issuance of Non-Convertible Debentures. This initiative is planned for the financial year 2025-26. The approved revision increases the issuance limit from ₹13,000 crore to ₹16,000 crore.
Private Placement Details
The Non-Convertible Debentures will be issued on a private placement basis. The issuance may occur in one or more tranches, providing flexibility in fundraising.
Meeting Conclusion
The board meeting commenced at 10:00 A.M. and concluded at 01:55 P.M.
Source: BSE
