Cholamandalam Investment and Finance Company Limited, one of the leading financial services companies in India is coming up with the issue of Non-Convertible Debentures (NCDs). The Cholamandalam Investment NCD 2023 will be issued from 25th April 2023 to 9th May 2023. The company is offering a coupon rate of up to 8.40% and the minimum required investment is Rs 10,000. Let’s delve deeper into the further details of this NCD issue.
About Cholamandalam Investment and Finance Company Limited
Cholamandalam Investment and Finance Company Limited (Chola) is a financial services company that provides vehicle finance, home loans, SME loans, investment advisory services, stock broking, and other financial services. Established in 1978, it is the financial services arm of the Murugappa Group. Chola has over 1,166 branches across India and assets under management worth over INR 1,03,789 crores.
The company serves more than 21 lakh customers across the country. Chola has a strong presence in the Indian financial market and continues to expand its portfolio of financial products and services.
Cholamandalam Investment NCD 2023 – Issue Details
| Issue Type | Secured, Rated, Listed, Redeemable, Non-Convertible Debentures |
| Issue Company | Cholamandalam Investment and Finance Company Limited |
| Issue Open | April 25, 2023 |
| Issue Close | May 9, 2023 |
| Coupon Rate (ROI) | 8.25% to 8.40% |
| Face Value | Rs. 1000 |
| Issue Price | Rs. 1000 |
| Issue Size | Rs 1,000 Cr |
| Minimum Order Quantity | 10 NCDs (Rs. 10,000) |
| Listing | BSE, NSE |
| Listing Date | Within 6 Working Days of Issue Closing Date |
Cholamandalam Investment NCD 2023 – Objects of the Issue
The following are the objectives of this NCD issue by Cholamandalam Investment and Finance Company Limited:-
- For the purpose of onward lending, financing and for repayment of interest and principal of existing borrowings of the Company, and
- General corporate purposes
Rating of Cholamandalam Investment NCD Issue
This Cholamanfalam NCD has been given IND AA+/Stable by India Ratings & Research Private Limited and [ICRA]AA+ (Stable) by ICRA Limited.
Cholamandalam Investment – Company Contact Details
- Address: Dare House, No. 2, N.S.C. Bose Road Parrys, Chennai 600 001 Tamil Nadu, India
- Telephone: +91-44-4090 7172
- Website: http://www.cholamandalam.com/
Cholamandalam Investment NCD 2023 – Lead Manager of the Issue
The lead manager of this NCD issue is A. K. Capital Services Limited.
- Address: 603, 6 th Floor, Windsor, Off CST Road, Kalina Santacruz East, Mumbai 400 098 Maharashtra, India
- Telephone: +91-22-67546500
- Email: chola.ncd2023@akgroup.co.in
- Website: http://www.akgroup.co.in/
Cholamandalam NCD 2023 – Registrar of the Issue
The registrar of this issue is KFin Technologies Limited.
- Address: Selenium, Tower B, Plot No- 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad Rangareddi 500 032, Telangana, India
- Telephone: +91-40-67162222
- Email: chola.ncdipo@kfintech.com
- Website: http://www.kfintech.com/
Cholamandalam NCD – Debenture Trustee
The trustee of this debenture is IDBI Trusteeship Services Limited.
Issue Documents
Please click here to read the final issue prospectus for detailed information on Cholamandalam Investment NCD 2023.
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Investment in securities is subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
