Cholamandalam Investment and Finance Company Limited has made a regulatory disclosure to the Bombay Stock Exchange regarding the allotment of securities under SEBI Listing Regulations 30 and 30(A).
The company has allotted unsecured perpetual non-convertible securities through a private placement via the NSE EBP platform. The total number of securities allotted is 2,000 with an aggregate amount of ₹2,000 crores. The issue size is exactly ₹2,000 crores with no green shoe option.
Key Terms of the Securities:
- Type: Unsecured Perpetual Non-Convertible Securities
- Tenure: Perpetual with call option exercisable on September 2, 2036
- Coupon Rate: 8.97% per annum
- Coupon Frequency: Annual payments
- Coupon Payment Dates: Annually on September 1 and on the call option date (September 2, 2036)
- Security: Unsecured (no collateral)
- Listing: Will be listed on the Wholesale Debt Market (WDM) segment of the National Stock Exchange