BOM:511243

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Cholamandalam Investment Raises INR1 Billion Through Allotment of Securities

Cholamandalam Investment and Finance Company (NSE:CHOLAFIN, BOM:511243) has raised 1 billion Indian rupees through the allotment of secured non-convertible securities on a private placement basis, according to a Thursday filing to the Indian stock exchanges.The company allotted 10,000 securities, which carry a coupon rate of 8.08% per annum and are scheduled to mature on June 5, 2029.They are listed in the wholesale debt market segment of the National Stock Exchange of India.

BOM:511243NSE:CHOLAFIN

Asia45d ago

Jefferies Adjusts Cholamandalam Investment and Finance's Price Target to INR1,960 From INR2,040, Keeps at Buy

Cholamandalam Investment and Finance (NSE:CHOLAFIN, BOM:511243) has an average rating of overweight and mean price target of 1,811.95 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

BOM:511243NSE:CHOLAFIN

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