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Cholamandalam Finance raises Rs 400 cr from CDC Group

Capital Market 

Through issuance of 10 year Rupee Denominated Masala Bonds

Cholamandalam Investment & Finance Company has raised Rs 400 crore from CDC Group Pie (CDC), the United Kingdom's Development Finance Institution and impact investor through the issuance of unsecured, subordinated, Rupee Denominated Masala Bonds.

This is the company's maiden Masala Bond issue which may be listed on London Stock Exchange or any other international stock exchanges in future.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 10 2020. 17:25 IST