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The principal amount of the NCDs to be issued in terms of this Tranche IV Prospectus together with all interest due and payable on the NCDs, thereof shall be secured by an exclusive charge by way of hypothecation of the Receivables of the Company as identified or to be identified under the Deed of Hypothecation (“Charged Receivables”) for each Tranche Issue, created in favour of the Debenture Trustee, as specifically set out in and fully described in the Debenture Trust Deed, such that a security cover minimum 100% of the outstanding principal amounts and interest thereon is maintained at all times until the Maturity Date. Without prejudice to the aforesaid, in the event our Company fails to execute the Debenture Trust Deed within the period specified in Regulation 18(1) of the SEBI NCS Regulations or such other time frame as may be stipulated from time-to-time, our Company shall also pay interest of at least 2% (two per cent) per annum to the NCD holders, over and above the interest rate on the NCDs specified in this Tranche IV Prospectus, till the execution of the Debenture Trust Deed. |
| Issue Details |
| Issue Open |
19-Jan-2024-25-Jan-2024 |
| Security Name |
CHOLAMANDALAM INVESTMENT & FINANCE CO. LTD. |
| Security Type |
Secured Redeemable Non-Convertible Debentures |
| Issue Size (Base) .Cr |
500 |
| Over subscription |
An Option To Retain Oversubscription Up To Rs. 1163 Crores Aggregating To Rs. 1163 Crores. |
| Issue Price |
1000 |
| Face Value |
1000 |
| Market Lot |
1 |
| Credit Rating |
"IND AA+/Stable" by IRRPL |
| Tenor |
24 months,36 months,60 Months |
| Series |
Series1,Series2,Series3,Series4,Series5,Series6 |
| Payment Frequency |
Yearly,At the End |
| Objects of the Issue: |
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PUBLIC ISSUE BY CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED ("COMPANY" OR THE "ISSUER") OF UP TO 16630000 SECURED, RATED, LISTED, REDEEMABLE NON-CONVERTIBLE DEBENTURES OF FACE VALUE OF Rs. 1000 EACH ("NCDs") FOR AN AMOUNT AGGREGATING UP TO Rs. 500 CRORES ("BASE ISSUE SIZE") WITH AN OPTION TO RETAIN OVERSUBSCRIPTION UP TO Rs. 1163 CRORE, AGGREGATING UP TO Rs. 1663 CRORE (HEREINAFTER REFERRED TO AS THE "TRANCHE IV ISSUE") WHICH IS WITHIN THE SHELF LIMIT OF Rs. 5000 CRORES |
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| Company Promoters |
| Cholamandalam Financial Holdings Limited |
| Ambadi Investments Limited |
| M V Subbiah |
| M A Alagappan |
| A Vellayan |
| A Venkatachalam |
| M M Murugappan |
| M M Venkatachalam |
| M A M Arunachalam |
| S Vellayan |
| Arun Alagappan |
| M M Veerappan |
| V Narayanan |
| V Arunachalam |
| M M Muthiah |
| M V Muthiah |
| Arun Venkatachalam |
| M V Subramanian |
| M V Murugappan HUF |
| M V Subbiah HUF |
| M A Alagappan HUF |
| A Vellayan HUF |
| A Venkatachalam HUF |
| M M Murugappan HUF |
| M A M Arunachalam HUF |
| M M Venkatachalam HUF |
| M M Muthiah HUF |
| A M M Arunachalam HUF |
| Murugappa & Sons |
| Tube Investments of India Limited |
| New Ambadi Estates Private Limited |
| Coromandel International Limited |
| Ambadi Enterprises Limited |
| Carborundum Universal Limited |
| E.I.D. Parry (India) Limited |
| M A Alagappan |
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| Lead Managers |
| 1. A. K. Capital Services Limited |
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| Registrar to the Issue |
| 1. KFIN Technologies Ltd |
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