Cholamandalam Finance to issue NCDs
Our Banking Bureau
24 March 2005
The plan is to raise Rs400 crore through medium-term NCDs and Rs800 crore through short-term NCDs, subject to a limit of Rs250 crore of debentures outstanding at any point in time.
The company has said that the board wants to arm itself with borrowing powers, so that it could raise resources as and when required during the year.