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Cholamandalam Investment and Finance Co. Ltd. ( (IN:CHOLAFIN) ) has shared an update.
Cholamandalam Investment and Finance Company has approved the conversion of 106,300 compulsorily convertible debentures, each with a face value of ₹1,00,000, into 7,631,691 equity shares of ₹2 each at a conversion price of ₹1,392.88 per share, reflecting a 16.5% discount to the seven-day volume weighted average price on the NSE prior to 1 January 2026. Following this allotment, the company’s issued capital has increased from 84,47,00,931 to 85,23,32,622 shares and paid-up capital from 84,40,17,161 to 85,16,48,852 shares, with the new equity shares ranking pari passu with existing shares on dividends and voting rights and set to be listed on both NSE and BSE, thereby modestly expanding the equity base and diluting existing holdings while strengthening the company’s capital structure.
More about Cholamandalam Investment and Finance Co. Ltd.
Cholamandalam Investment and Finance Company Limited is a non-banking financial company (NBFC) offering a range of retail lending and financial services in India. Listed on both the National Stock Exchange of India and BSE, the company raises capital from institutional investors and the public markets to support its lending operations and growth plans across its chosen segments.
Average Trading Volume: 58,013
Technical Sentiment Signal: Buy
Current Market Cap: 1523.7B INR
See more insights into CHOLAFIN stock on TipRanks’ Stock Analysis page.