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Cholamandalam Investment and Finance Company approves payment of interim dividend

19 Jan 2013 Evaluate

Cholamandalam Investment and Finance Company has informed that the board of directors of the company at its meeting held on January 18, 2013, has approved the payment of an interim dividend on the equity shares of the company at the rate of 25% being Rs.2.50 per equity share out of the profits of the company for the year ending March 31, 2013.

Further, the board approved issue of 7000 unsecured redeemable, non-convertible debentures by way of subordinated debt of a face value of Rs. 10 lakhs each at par aggregating to Rs.700 crores in one or more series on private placement basis and issue of 5500 unsecured redeemable, non-convertible debentures by way of perpetual debt of a face value of Rs. 10 lacs each at par aggregating to Rs. 550 crores in one or more series on private placement basis.

The above information is a part of company’s filings submitted to BSE.

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