Cholamandalam Investment & Finance Company is currently trading at Rs. 567.00, up by 3.85 points or 0.68% from its previous closing of Rs. 563.15 on the BSE.
The scrip opened at Rs. 563.00 and has touched a high and low of Rs. 569.50 and Rs. 559.00 respectively. So far 41937 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 588.00 on 07-Apr-2021 and a 52 week low of Rs. 120.20 on 27-May-2020.
Last one week high and low of the scrip stood at Rs. 588.00 and Rs. 534.35 respectively. The current market cap of the company is Rs. 46504.36 crore.
The promoters holding in the company stood at 51.64%, while Institutions and Non-Institutions held 40.54% and 7.82% respectively.
Cholamandalam Investment and Finance Company (Chola) is one of the companies participating in a consortium - Vishwakarma Payments, that has applied for an NUE (New Umbrella Entity) license for Retail Payments with RBI.
With aspirations to fuel a less-cash and more-digital micro-payments economy, RBI has set up a framework to authorise pan-India Umbrella Entities that will focus on retail payment systems. The interoperable infrastructure will cater to banks and non-banks and enable innovative use-cases to solve the diversity, depth and width of consumers and small businesses in India. The consortium expects to focus on building an agile platform for seamless digital payments.
Vishwakarma Payments is a company incorporated in India under the Companies Act, 2013. FSS, Zoho, Zerodha, RazorPay, Ujjivan and Airpay are also part of the Vishwakarma Payments consortium along with Chola.
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.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 908.70 |
| Shriram Finance | 1036.50 |
| Aditya Birla Capital | 340.20 |
| Chola Invest & Fin. | 1579.65 |
| Tata Capital | 337.60 |
| View more.. | |
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