Sundaram Finance's Q4 Profit Doubles, Declares ₹21 Final Dividend
Sundaram Finance reported impressive Q4 results with revenue up 4.80% to ₹2,259.00 crore and net profit doubling to ₹553.00 crore. The company declared a final dividend of ₹21 per share, bringing the total dividend for the fiscal year to ₹35 per share. The board also approved the re-appointment of Ganesh Lakshminarayan as an Independent Director for five years.
15May 25
Sundaram Finance Raises ₹1,200 Crore Through Bond Issue at 7.1584% Yield
Sundaram Finance, a leading NBFC, has successfully raised ₹1,200 crore (approx. $140.17 million) through a bond issue. The company accepted bids for three-year bonds at a yield of 7.1584%. This fundraising effort demonstrates strong investor confidence and highlights Sundaram Finance's effective capital management strategy. The funds are expected to enhance the company's lending capabilities and support growth initiatives in the NBFC sector.