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Cholamandalam Investment and Finance Co. Ltd. ( (IN:CHOLAFIN) ) has shared an announcement.
Cholamandalam Investment and Finance Co. Ltd. announced the allotment of 55,000 secured non-convertible securities through a private placement on the National Stock Exchange’s Wholesale Debt Market segment. The issue, amounting to 550 crore INR with a total size of 1,000 crore INR including a green shoe option, is set for a tenure of five years with an annual coupon rate of 7.58%. This move is expected to strengthen the company’s financial position and enhance its market offerings.
More about Cholamandalam Investment and Finance Co. Ltd.
Cholamandalam Investment and Finance Co. Ltd. operates in the financial services industry, primarily focusing on providing investment and finance solutions. The company is known for its offerings in secured non-convertible securities and has a significant presence in the wholesale debt market.
Average Trading Volume: 54,899
Technical Sentiment Signal: Buy
Current Market Cap: 1357.7B INR
For an in-depth examination of CHOLAFIN stock, go to TipRanks’ Overview page.