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ICRA assigns rating to Cholamandalam Investment’s CPs

24 Oct 2018 Evaluate

Credit rating agency, ICRA has assigned ‘A1+’ rating to Cholamandalam Investment and Finance Company’s commercial paper programme worth Rs 7500 crore (enhanced from Rs 6000 crore).

Cholamandalam Investment and Finance Company is among the top 5 NBFC’s in the country operating in vehicle finance, home equity, corporate and mortgage finance segments with subsidiaries in the broking and wealth advisory space.

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