Cholamandalam Investment and Finance Company Limited — QIP/Rights/Pref., 02-12-2024: Allotment of Securities

Cholamandalam Investment and Finance Company Limited has allotted 100,000 unsecured subordinated non-convertible securities through a private placement, raising ₹1,000 Cr. The securities have a 10-year tenure with an annual coupon rate of 8.92%, payable on the 2nd of December each year and at maturity on 2nd December 2034. The allotment is listed in the Wholesale Debt Market Segment of the NSE. There are no noted delays or defaults concerning interest or principal payments. This issuance enables the company to strengthen its capital base effectively.