Chennai, April 2023: Cholamandalam Investment and Finance Company Limited (CIFCL), a leading financial services provider in India, has announced its maiden public issue of secured, rated, listed redeemable non-convertible debentures of the face value of Rs. 1,000 each ("NCDs") with a base Issue size of Rs. 500 crores with an option to retain any oversubscription up to Rs 500 crores, aggregating up to Rs. 1,000 crores, which is within the shelf limit of Rs 5000 crore ("Tranche I Issue"). The Tranche I Issue opens on Tuesday, April 25, 2023, and closes on Tuesday, May 9, 2023, with an option of early closure in compliance with SEBI NCS Regulations. The NCDs are proposed to be listed on BSE and NSE ("NSE" together with BSE, the "Stock Exchanges") NSE shall be the Designated Stock Exchange for the Tranche I Issue.