Cholamandalam Investment and Finance Company has received an approval for raising funds up to Rs 11,500 crore through Non-convertible Debentures (NCDs) in one or more series on private placement basis.
The company will raise funds by issuing of 1,00,000 secured and/or unsecured redeemable, NCDs of face value of Rs 10 lakh each at par aggregating to Rs 10,000 crore; 10,000 unsecured Redeemable, NCDs in the nature of Subordinated debt of face value of Rs 10 lakh each at par aggregating to Rs 1,000 crore and 5000 unsecured Redeemable, NCDs in the nature of Perpetual debt of face value of Rs 10 lakh each at par aggregating to Rs 500 crore. The board of directors at their meeting held on July 27, 2017, has approved for the same.
Cholamandalam Investment & Finance Company is among the top 5 NBFC’s in the country operating in vehicle finance, home equity, corporate and mortgage finance segments with subsidiaries in the broking and wealth advisory space.
Company Name | CMP |
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Bajaj Finance | 7327.70 |
Shriram Finance | 2455.85 |
Aditya Birla Capital | 216.60 |
SBI Cards AndPayment | 748.80 |
Chola Invest & Fin. | 1168.85 |
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