Cholamandalam Investment and Finance plans to raise up to INR 20 billion (about $209 million) via the issuance of perpetual bonds, potentially the largest such debt sale by a private financier in India. The funding move is likely incremental for liquidity and capital structure but not described as a distress signal. Overall impact is expected to be limited beyond the issuer.
Cholamandalam Investment and Finance plans to raise up to INR 20 billion (about $209 million) via the issuance of perpetual bonds, potentially the largest such debt sale by a private financier in India. The funding move is likely incremental for liquidity and capital structure but not described as a distress signal. Overall impact is expected to be limited beyond the issuer.
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