Cholamandalam confirms allotment of secured non-convertible securities

Cholamandalam Investment and Finance Company (BSE: CHOLAFIN) announced today, March 26, 2025, that it has allotted secured, non-convertible securities, fulfilling obligations under SEBI regulations. The company has issued 117,500 securities via a private placement, representing an allotted amount of ₹11.75 billion. The total issue size is ₹120 billion, including a ₹20 billion green shoe option. These securities are listed in the WDM segment of the National Stock Exchange (NSE) and have a tenure of two years. The coupon rate is 8.19% annually, payable every March 26th and on the maturity date of March 26, 2027. The securities are secured at 1x.