Chola Invest will issue ₹5k cr NCDs

Mumbai: Cholamandalam Investment and Finance Company, part of the Murugappa Group, plans to issue non-convertible debentures (NCDs) of Rs 5,000 crore. In the first phase, it will launch an NCD issue of Rs 500 crore, with an option to retain an over-subscription of Rs 500 crore. The issue will kick off on April 25 and close on May 9. tnn