Cholamandalam NCD

 

Unlock Your Financial Potential with Smart Investments in Cholamandalam NCDs!

Are you searching for a reliable investment opportunity to grow your hard-earned money? Look no further! Cholamandalam Investment and Finance Company Limited (CIFCL) is offering an exceptional chance to invest in their latest Public Issue of Non-Convertible Debentures (NCDs) – Cholamandalam NCDs. Let's explore the compelling reasons behind this investment opportunity and get to know the company's profile, making it an opportunity not to be overlooked.

Investment Highlights:

CIFCL is all set to launch its Public Issue of secured, rated, and listed NCDs with an attractive face value of ₹1,000 each. The base issue size is ₹500 crores, and with an oversubscription option of ₹1,000 crores, you get a chance to invest up to ₹1,500 crores! This means abundant opportunities to invest and grow your wealth.

The proposed NCDs come with an impressive credit rating of IND AA+/Stable by India Ratings & Research Private Limited and [ICRA] AA+ (Stable) by ICRA Limited for an amount of up to ₹5,000 crores. The NCDs will be listed on BSE and NSE, offering you a safe and transparent investment avenue.

 

Cholamandalam NCD Details:

Type: Non-Convertible Debentures (NCDs)

Face Value: ₹1,000 each

Base Issue Size: ₹500 crores

Oversubscription Option: ₹1,000 crores (Total Issue Size up to ₹1,500 crores)

Credit Ratings: - IND AA+/Stable by India Ratings & Research Private Limited - [ICRA] AA+ (Stable) by ICRA Limited

Maximum Amount of NCDs with Credit Rating: ₹5,000 crores

Listing Exchanges: BSE (Bombay Stock Exchange) and NSE (National Stock Exchange)

Purpose of NCDs: Secured and listed NCDs to raise funds for the company's financial requirements

Tenure: Not specified (tenors may be provided ranging from 22 to 60 months in the Tranche II Issue)

Interest Payment Options: Annual or Cumulative (Interest compounded annually and paid at maturity)

Minimum Subscription Amount: ₹10,000

Subsequent Multiples: ₹1,000

Company Profile:

CIFCL is a non-banking finance company and a part of the prestigious Murugappa group with over 122 years of legacy. This legacy ensures trust in their expertise and experience in financial services. The company began as an equipment financing firm and expanded its services to offer vehicle finance, home loans, loans to SMEs, and more.

With 25.10 lakh active customers and 1,191 branches spread across 29 states and Union Territories in India, CIFCL has an extensive distribution network, reaching both rural and semi-urban markets. Their focus on technology and data analytics ensures efficient and digitized operations, making your investment experience seamless.

Strengths:

1.       Diversified Product Portfolio: CIFCL offers a wide range of financial products, providing a strong retail focus.

2.       Extensive Distribution Network: Their vast branch network, especially in rural areas, offers diversified exposure and opportunities.

3.       Strong Technology Platform: With cutting-edge technology and data analytics, CIFCL enhances customer engagement and integration with ecosystem partners.

4.       Experienced Management Team: The company is led by a skilled and experienced team with a deep understanding of the financial services industry.

Investor's Opportunity:

The Cholamandalam NCD Tranche II Issue provides investors with various options to choose from, with attractive coupon rates and tenors ranging from 22 to 60 months. Whether you prefer annual interest payments or want your interest to compound and be paid at maturity, there's an option that suits your financial goals.

With a minimum subscription of just ₹10,000 and subsequent multiples of ₹1,000, investing in these NCDs is highly accessible for retail investors. Furthermore, CIFCL's strong financial position, represented by a CRAR of 17.10% and a low Stage 3 asset ratio of 3.01%, offers you confidence in the investment's stability.

Conclusion:

Cholamandalam Investment and Finance Company Limited's Tranche II Issue of NCDs (Cholamandalam NCDs) presents a fantastic investment opportunity that you should not miss! With their strong financial position, diverse product portfolio, and extensive distribution network, investing in Cholamandalam NCDs promises a secure and rewarding future. So, take this chance to unlock your financial potential and secure your dreams! Remember to read the prospectus carefully and make informed investment decisions. Happy investing!

Source :- https://ext-6167199.livejournal.com/7024.html