Cholamandalam Finance NCD oversubscribed 5.11 times on Day 2, garners over Rs 2500 cr
· Base Issue oversubscribed by 5. 11 times with a total collection of Rs 2556.36 Crore · Retail category oversubscribed by 1.93 times (of the total issue size of Rs 500 crore) with a collection of Rs 288.90 Crore · A.K.Capital Services Limited is the sole lead manager to the issue · Issue opened on Tuesday, April 25, 2023 and closes Thursday, April 27, it was to close on Tuesday, May 9, 2023 with an option of early closure Cholamandalam Investment and Finance Company Limited (CIFCL), a leading financial services provider in India, its maiden public issue of secured, rated, listed redeemable non-convertible debentures (NCDs) has been oversubscribed 5.11 times on the second day of the issue which garnered close to Rs 2557 crore. Issue opened on Tuesday, April 25, 2023 and closes Thursday, April 27, it was to close on Tuesday, May 9, 2023 with an option of early closure. The issue has a face value of Rs. 1,000 each. The base issue size i