Sundaram Finance moves up on getting nod to raise Rs 500 crore via Subordinated NCDs
Sundaram Finance is currently trading at Rs. 4408.85, up by 29.05 points or 0.66% from its previous closing of Rs. 4379.80 on the BSE.
The scrip opened at Rs. 4436.40 and has touched a high and low of Rs. 4500.00 and Rs. 4385.20 respectively. So far 472 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 5640.00 on 04-Mar-2026 and a 52 week low of Rs. 4200.00 on 30-Sep-2025.
Last one week high and low of the scrip stood at Rs. 4,787.00 and Rs. 4364.00 respectively. The current market cap of the company is Rs. 48,984.03 crore.
The promoters holding in the company stood at 37.21%, while Institutions and Non-Institutions held 26.66% and 36.14% respectively.
Sundaram Finance has received approval for the proposal to raise additional Tier 2 capital in the form of subordinated debt up to Rs 500 crore in FY 2026-27, by issuance of Subordinated Non-Convertible Debentures (NCDs) on private placement basis, in one or more tranches. The Board of Directors of the company at their meeting held on May 25, 2026 has approved the same.
