Cholamandalam Investment and Finance Company has received an approval to raise capital of up to Rs 300 crore by an issue of securities pursuant to the provisions of Section 81(1A) and other applicable provisions, if any, of the Companies Act, 1956 in one or more tranches, through private placement including by a ‘Qualified Institutions Placement’ in terms of SEBI ICDR Regulations and other applicable laws.
The board at its meeting held on December 27, 2012 has approved the same. Further, approval of the shareholders of the company for the above issue is proposed to be sought through a postal ballot.
Cholamandalam Investment 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. It is emerging as a high growth company in the retail lending space with a branch network of over 220.
Company Name | CMP |
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Bajaj Finance | 6685.30 |
Shriram Finance | 2345.75 |
Aditya Birla Capital | 216.30 |
SBI Cards AndPayment | 720.25 |
Chola Invest & Fin. | 1268.80 |
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