Cholamandalam Investment and Finance Company Limited has officially confirmed the allotment of 200,000 Secured Non-Convertible Securities (NCDs) totaling ₹2,000 crores via private placement on March 20, 2026. These securities carry a 7.94% coupon rate and are listed on the NSE WDM segment with a 3-year tenure, maturing on March 20, 2029. The announcement confirms standard compliance with listing regulations.
Confirmation of Securities Allotment
In adherence to disclosure requirements, Cholamandalam Investment and Finance Company Limited confirms the successful allotment of securities following a private placement mechanism. The total number of securities allotted is 200,000, resulting in an aggregate amount allotted of ₹2,000 crores. This issue size includes an additional ₹1,000 crores designated as a green shoe option.
Key Terms of the Allotment
The instruments allotted are classified as Secured Non-Convertible Securities. Key transactional details are as follows:
- Type of Issuance: Private Placement – NSE EBP
- Listing Segment: WDM Segment of the NSE
- Tenure: 3 years (1096 days)
- Coupon Rate: 7.94% Coupon
- Security Status: Secured at 1x
Payment and Maturity Schedule
The coupon payment structure mandates an Annual payment frequency, along with a final payment occurring on the maturity date. The definitive coupon payment dates are set for March 20th annually, culminating in the final payment on the maturity date, which is March 20, 2029.
Compliance Declarations
The company confirms that there is No Adverse Information (NA) regarding any delay in the payment of interest or principal exceeding three months from the due date. Furthermore, the company has issued No Letters or Comments regarding payment defaults or issues concerning the security or associated assets. Similarly, details regarding the redemption of preference shares or debentures are reported as NA, confirming these instruments are not involved in this specific allotment.
Source: BSE
