Cholamandalam Investment and Finance Company Limited has confirmed the allotment of 104,000 Secured Non-Convertible Securities through a Private Placement route on the NSE EBP. The total amount allotted is ₹1040 crores, utilizing the full issue size of ₹1500 crores (including the green shoe option). These NCDs carry a coupon rate of 8.40% and are listed on the WDM segment, maturing on September 18, 2027.
Confirmation of Security Allotment
In compliance with relevant disclosure regulations, Cholamandalam Investment and Finance Company Limited hereby confirms the successful allotment of securities following a recent transaction. The securities allotted are classified as Secured Non-Convertible Securities, issued via a Private Placement mechanism utilizing the NSE EBP platform.
Key Issuance Metrics
The issuance details are summarized below:
- Number of Securities Allotted: 104,000
- Total Amount Allotted: ₹1040 crores
- Total Size of the Issue: ₹1500 crores (This amount includes a ₹500 crores green shoe option that was exercised or included in the total issue size).
- Listing Venue: Listed in the WDM Segment of NSE.
Terms and Yield Details
The financial terms associated with these NCDs provide clarity on the coupon structure and maturity:
The tenure for these securities is 1 years, 7 months, and 8 days (equating to 585 days). The instruments feature a fixed Coupon Rate of 8.40%, corresponding to a Yield of 7.77%.
Coupon payment dates are scheduled for September 19, 2026, and again on the final Maturity date, September 18, 2027.
Security Classification
These instruments are classified as Secured at 1x. Furthermore, the company confirms that there are No Special rights or privileges attached to these securities.
Regarding potential defaults, the document confirms NA for any delay in payment exceeding three months, indicating no such event has occurred or requires disclosure at this time. Similarly, there are No pending letters or comments from any third party concerning payment or security, and details regarding the redemption of preference shares or debentures are marked as NA.
Source: BSE
