NCD News of Cholamandalam Investment NCD Tranche III Nov. 2023

Cholamandalam Investment and Finance Company Limited is coming up with Public Issue of Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) of the face value of ₹ 1000 each, for an amount of ₹500.00 Crores ('Base Issue Size') " with an option to retain oversubscription up to ₹5,000.00 Crores.

Incorporated in 1978, Cholamandalam Investment and Finance Company Limited (Chola) is a non-banking finance company categorized as NBFC Investment and Credit Company (NBFC-ICC). It is the financial services arm of the Murugappa Group.

Allotment of the NCD's will be done on First Come First Serve Basis.

Cholamandalam Investment NCD Tranche III Nov. 2023 is rated IND AA+/Stable by India Ratings & Research Private Limited and ICRA AA+ (Stable) by ICRA Limited.

The issue opens on Nov 28, 2023 and closes for subscription on Dec 1, 2023. The shares of the company to be list at BSE, NSE.

The public issue of Cholamandalam Investment and Finance Company Limited opens on Nov 28, 2023 and closes for subscription on Dec 1, 2023.

The Cholamandalam Investment NCD Tranche III Nov. 2023 are proposed to list at BSE, NSE.

Allotment of the NCD's will be done on First Come First Serve Basis.