Cholamandalam Investment and Finance Company Limited has confirmed the allotment of new securities following a private placement to the NSE EBP platform. The company issued 100,000 Unsecured Subordinated Non-Convertible Securities totaling ₹1,000 crores, including a 500 crore green shoe option. These securities carry a coupon rate of 8.66%, are tenure-bound for 7 years, and are listed on the WDM segment of the NSE, with payment dates fixed annually on February 23rd.
Confirmation of Securities Allotment
In compliance with applicable regulations, Cholamandalam Investment and Finance Company Limited confirms the successful allotment of new securities. The transaction involved the issuance of Unsecured Subordinated Non-Convertible Securities via a Private Placement on the NSE EBP platform.
Key Terms of the Issuance
- Number of Securities: 100,000 units.
- Total Amount Allotted: ₹1,000 crores.
- Issue Size: The total issue size is ₹1,000 crores, which includes an optional ₹500 crores green shoe.
- Tenure and Rate: The tenure for these securities is 7 years, bearing a fixed coupon rate of 8.66%.
Listing and Payment Details
The newly allotted securities are officially Listed in the WDM Segment of the NSE. The coupon frequency is Annual, with payment dates set for February 23rd of every year, continuing until the final Maturity date on February 23rd, 2033. The securities are classified as Unsecured, and no special rights or privileges are associated with this issuance.
Default Status Confirmation
The company confirms that there has been No Delay in payment of interest or principal amounts beyond the three-month period. Furthermore, there are No outstanding letters or comments from any party regarding the payment status or any other matter concerning these specific securities.
Source: BSE
