Cholamandalam Investment and Finance Company Limited has issued a compliance certificate confirming the allotment of Secured Non-Convertible Securities. The issuance, totaling 100 crore rupees, was made through a private placement via the NSE EBP platform. These securities mature on June 5, 2029, with an annual coupon rate of 8.08%. The company confirms compliance with listing regulations for this significant financial instrument.
Compliance Certificate Issued for New Securities
Cholamandalam Investment and Finance Company Limited (Chola) has released a compliance certificate detailing the recent allotment of its Secured Non-Convertible Securities. This announcement confirms the company’s adherence to regulatory requirements regarding the issuance and listing of financial instruments.
Details of the Security Issuance
The newly allotted securities are categorized as Secured Non-Convertible Securities. The issuance was conducted through a Private Placement via the NSE EBP (Electronic Book Provider) platform. A total of 10,000 securities were issued, with an aggregate amount allotted of 100 crore rupees. The size of the issue was also 100 crore rupees, with no green shoe option exercised.
Listing and Tenure Information
These securities have been successfully listed on the WDM Segment of the NSE. The tenure for these instruments is set at 2 years, 11 months, and 18 days, which amounts to 1083 days. The coupon rate for this issuance stands at 8.08%, with a re-issue yield of 8.15%. The coupon is payable annually and on the maturity date.
Payment Dates and Security Details
The coupon payment dates are scheduled for June 5, 2027, annually, and also on the final maturity date, which is June 5, 2029. The securities are secured at 1x, providing a robust layer of security for investors. The company has confirmed no delays or defaults in interest or principal payments for periods exceeding three months.
Confirmation of Compliance
Cholamandalam Investment and Finance Company Limited, through its authorized signatory, Hardik Pandya, digitally signed this compliance certificate on June 18, 2026. The company affirms that all conditions and disclosures pertaining to this issuance are in line with applicable listing regulations.
Source: BSE
