Cholamandalam converts debentures to equity, boosts share capital

Cholamandalam Investment and Finance Company Limited has approved the conversion of 30,700 Compulsorily Convertible Debentures (CCDs) into 22,42,436 new equity shares. Each CCD had a face value of INR 1,00,000, and the conversion price per equity share was set at INR 1369.05. This price represents a 15% discount to the seven trading days volume-weighted average price of the company's equity shares traded on NSE preceding October 1, 2025.

The newly allotted equity shares, each with a face value of INR 2, will rank pari-passu with existing equity shares regarding dividends and voting rights. They are slated for listing on both BSE Limited and the National Stock Exchange of India Limited. This move follows an earlier intimation from October 5, 2023, regarding the allotment of 200,000 CCDs to qualified institutional buyers.

As a result of this conversion, the company's issued capital will increase from 84,20,82,802 shares (valued at INR 1,68,41,65,604) to 84,43,25,238 shares (valued at INR 1,68,86,50,476). Similarly, the paid-up capital will rise from 84,13,99,032 shares (valued at INR 1,68,27,98,064) to 84,36,41,468 shares (valued at INR 1,68,72,82,936).