NewsCholamandalam Investment and Finance Allots Secured NCDs Worth ₹500 Crs Under Private PlacementCholamandalam Investment and Finance Allots Secured NCDs Worth ₹500 Crs Under Private Placement
Cholamandalam Investment and Finance Company Limited has allotted 50,000 Secured Non-Convertible Securities worth ₹500 crs through private placement under the NSE EBP platform. The securities carry an 8.08% annual coupon rate, a tenure of 3 years 1 month (1,127 days), and are listed on the WDM segment of NSE, with a maturity date of 5th June 2029 and a total issue size of ₹1,500 crs including a ₹1,000 crs green shoe option.
*this image is generated using AI for illustrative purposes only.
Cholamandalam Investment and Finance Company Limited has allotted Secured Non-Convertible Securities (NCS) worth ₹500 crs through a private placement under the NSE Electronic Book Provider (EBP) platform. The allotment, comprising 50,000 securities, was made in compliance with Regulation 30 and 30(A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as communicated to the Bombay Stock Exchange of India Limited.
Key Details of the NCS Allotment
The allotted securities have been listed on the Wholesale Debt Market (WDM) segment of NSE. The issue carries a coupon rate of 8.08% and has a tenure of 3 years 1 month (1,127 days). The following table summarises the key parameters of the allotment:
| Parameter: | Details |
|---|---|
| Type of Security: | Secured Non-Convertible Securities |
| Type of Issuance: | Private Placement – NSE EBP |
| No. of Securities: | 50,000 |
| Amount Allotted: | ₹500 crs |
| Size of the Issue: | ₹1,500 crs (including ₹1,000 crs green shoe) |
| Listing: | WDM Segment of NSE |
| Tenure: | 3 years 1 month (1,127 days) |
| Coupon Rate: | 8.08% |
| Coupon Frequency: | Annual |
| Coupon Payment Dates: | 5th June 2026, Annual and on Maturity date |
| Maturity Date: | 5th June 2029 |
| Security: | Secured at 1x |
Issue Structure and Security
The total issue size is ₹1,500 crs, which includes a green shoe option of ₹1,000 crs. The securities are secured at 1x, providing investors with asset-backed coverage. Coupon payments are scheduled on 5th June 2026, annually thereafter, and on the maturity date of 5th June 2029. No special rights, interests, or privileges have been attached to these securities, and there are no reported delays or defaults in payment of interest or principal.
Regulatory Compliance
The allotment has been carried out in accordance with the applicable SEBI listing regulations. The compliance certificate was submitted to the Listing Department of the Bombay Stock Exchange of India Limited, confirming adherence to Regulation 30 and 30(A). The communication was signed by Hardik D. Pandya, Authorised Signatory of Cholamandalam Investment and Finance Company Limited, on 5th May 2026.
Historical Stock Returns for Cholamandalam Investment
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.09% | +6.20% | +22.20% | -5.07% | +6.83% | +201.65% |
How might Cholamandalam Investment utilize the ₹1,500 crore raised through this NCS issuance, and what impact could it have on their loan book growth over the next 3 years?
Will Cholamandalam exercise the full ₹1,000 crore green shoe option, and what market conditions would trigger such a decision?
How does the 8.08% coupon rate compare to Cholamandalam's cost of funds from other borrowing channels, and could this issuance signal a shift in their funding strategy?
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