November 24, 2024 06:50 (IST)
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Cholamandalam Finance raises INR 4 billion Tier-II debt from CDC Group

Cholamandalam Finance raises INR 4 billion Tier-II debt from CDC Group

Chennai/IBNS: Cholamandalam Investment and Finance Company Limited (CIFCL) has raised INR 4 billion (c.$57 million) from CDC Group Plc (CDC), the United Kingdom’s Development Finance Institution and impact investor through the issuance of unsecured, subordinated, Rupee Denominated Masala Bonds.