Recent reports regarding Vellayan Subbiah's departure from Cholamandalam Financial Holdings have been contradicted by official company sources, according to analyst communications from Equirus.

CFO Statement Clarifies Position

Equirus analysts have confirmed direct communication with Arul Selvan, Chief Financial Officer of Cholamandalam Financial Holdings, who provided clarity on the circulating reports about leadership changes. The CFO explicitly highlighted that no official update exists regarding Vellayan Subbiah's reported exit from the company.

Market Communication and Analyst Engagement

The clarification comes through Equirus, which engaged directly with the company's senior management to verify the accuracy of earlier media reports. This direct communication channel between analysts and company leadership demonstrates the importance of verified information in financial markets.

Leadership Status Update

Contrary to previous reports suggesting Subbiah's departure to focus on Tube Investments and CG Power, the official company position through its CFO indicates no such transition has been announced or confirmed. The CFO's statement serves as the authoritative source regarding current leadership arrangements at Cholamandalam Financial Holdings.

This development highlights the importance of official company communications versus unverified media reports in determining accurate information about executive leadership changes in publicly listed companies.

Cholamandalam investment and Finance Company Limited has successfully completed the allotment of Unsecured Subordinated Non-Convertible Securities worth ₹1000 crores, marking a significant milestone in the company's fundraising activities. The securities were issued through private placement on the NSE Electronic Book Platform (EBP), demonstrating the company's access to institutional capital markets.

Securities Allotment Details

The company has provided comprehensive details of the securities allotment in compliance with SEBI regulations. The allotment encompasses 100000 securities with a total value of ₹1000 crores, representing a substantial capital raising exercise for the financial services company.

Terms and Structure

The securities carry attractive terms for investors with a tenure of 7 years and a competitive coupon rate of 8.66% per annum. The annual coupon payment structure provides predictable returns for investors, with payments scheduled for February 23rd each year.

Listing and Market Access

The securities have been successfully listed on the Wholesale Debt Market (WDM) segment of the National Stock Exchange (NSE), providing liquidity options for institutional investors. The listing on NSE's WDM segment ensures transparency and regulatory oversight for the debt instruments.

Regulatory Compliance

The allotment has been completed in full compliance with Regulation 30 and 30(A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that there are no defaults in payment of interest or principal amounts, and no special rights or privileges are attached to these securities. The unsecured nature of the securities reflects the company's strong credit profile and investor confidence in its financial stability.