Sundaram Finance has received approval for the proposal to raise additional Tier 2 capital in the form of subordinated debt up to Rs 500 crore in FY 2026-27, by issuance of Subordinated Non-Convertible Debentures (NCDs) on private placement basis, in one or more tranches. The Board of Directors of the company at their meeting held on May 25, 2026 has approved the same.
Sundaram Finance has a diversified presence in Mutual Funds, Housing Finance, General Insurance, IT, Business Process Outsourcing and Retail Distribution of a wide array of financial services and products.
