Cholamandalam Investment and Finance Company has received an approval for issue of equity shares by way of qualified institutional placement (QIP) to eligible qualified institutional buyers up to an amount not exceeding Rs 1000 crore in one or more tranches. The Board of Directors at their meeting held on December 12, 2019, approved the same.
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.