Cholamandalam Investment is currently trading at Rs. 274.30, up by 4.20 points or 1.55% from its previous closing of Rs. 270.10 on the BSE.
The scrip opened at Rs. 275.00 and has touched a high and low of Rs. 278.75 and Rs. 274.00 respectively. So far 4,145 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 292.95 on 13-Dec-2012 and a 52 week low of Rs. 110.10 on 30-Dec-2011.
Last one week high and low of the scrip stood at Rs. 285.90 and Rs. 265.50 respectively. The current market cap of the company is Rs. 3,636 crore.
The promoters holding in the company stood at 62.28% while Institutions and Non-Institutions held 29.37% and 8.35% respectively.
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.
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