Cholamandalam Investment and Finance Company Limited has announced the issuance of secured non-convertible securities through a private placement. The company allotted 100,000 securities, amounting to ₹1000 crs. These securities are listed in the WDM Segment of the NSE and have a tenure of 2 years and 5 months with a coupon rate of 7.83%.
Security Issuance Details
Cholamandalam Investment and Finance Company Limited has issued secured non-convertible securities via private placement. A total of 100,000 securities were allotted, representing a total value of ₹1000 crs. The total issue size is ₹2000 crs (including a ₹1000 crs green shoe option).
Listing and Tenure
The issued securities are listed on the WDM Segment of the NSE. The tenure for these securities is 2 years and 5 months. The securities are secured at 1x.
Coupon Rate and Payment
The coupon rate for these securities is 7.83%. Coupon payments will be made annually on June 28th, with the first payment on June 28, 2026, and continuing annually until the maturity date of June 28, 2028.
Source: BSE
