Cholamandalam Investment Plans Largest India Perpetual Bonds Issuance by Non-Bank
Cholamandalam Investment and Finance Co., a major Indian shadow lender, is planning to issue perpetual bonds worth up to 20 billion rupees ($209 million), marking the largest perpetual bond sale by a private non-bank financier in India. This debt issuance will help the company raise capital for its operations and growth. The move reflects the shadow lending sector's efforts to diversify funding sources beyond traditional bank lending.
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Shadow Lender Cholamandalam to Sell Largest India Perpetual Bonds by a Non-Bank
Cholamandalam Investment and Finance Co., a major Indian shadow lender, is planning to issue perpetual bonds worth up to 20 billion rupees ($209 million), marking the largest perpetual bond sale by a private non-bank financier in India. This debt issuance will help the company raise capital for its operations and growth. The move reflects the shadow lending sector's efforts to diversify funding sources beyond traditional bank lending.
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