Cholamandalam Investment and Finance Company Limited — QIP/Rights/Pref., 26-03-2025: Allotment of Securities

Cholamandalam Investment and Finance Company Ltd. has announced a board meeting to confirm the allotment of 117,500 secured non-convertible securities through a private placement, raising ₹1,175 crore against a total issue size of ₹1,200 crore. The securities, listed in the WDM segment of the NSE, come with a tenure of 2 years and an annual coupon rate of 8.19%.

This issuance strengthens the company's funding structure, potentially enhancing liquidity and supporting growth initiatives. For investors, this move may foster a positive outlook, providing new opportunities for income while reinforcing the company's capital position.