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An update from Cholamandalam Investment and Finance Co. Ltd. ( (IN:CHOLAFIN) ) is now available.
Cholamandalam Investment and Finance Company Limited has announced the allotment of 50,000 unsecured subordinated non-convertible securities through a private placement at the National Stock Exchange’s Wholesale Debt Market Segment. This issuance, amounting to INR 500 crores with a total issue size of INR 1,000 crores including a green shoe option, is set at an annual coupon rate of 8.40% over a tenure of seven years, reflecting the company’s strategic move to strengthen its financial position and enhance its market offerings.
More about Cholamandalam Investment and Finance Co. Ltd.
Cholamandalam Investment and Finance Company Limited operates in the financial services industry, focusing on providing investment and finance solutions. The company is known for offering a range of financial products, including loans and investment services, with a market focus on both retail and wholesale segments.
Average Trading Volume: 70,424
Technical Sentiment Signal: Buy
Current Market Cap: 1389.6B INR
For a thorough assessment of CHOLAFIN stock, go to TipRanks’ Stock Analysis page.