Latest


Cholamandalam Finance gets board approval to raise Rs 5,000 crore

  •   Thu, Oct 29 2026 09:24:22 AM
  •  By Daijiworld Media Network

Daijiworld Media Network - Chennai

Chennai, Oct 29: Cholamandalam Investment and Finance Company, the financial services arm of the Murugappa Group, has received board approval to raise up to Rs 5,000 crore through a qualified institutions placement (QIP).

The company announced on Wednesday that its board had approved the issuance of equity shares and/or eligible securities convertible into equity shares through the QIP route.

The fundraise, capped at Rs 5,000 crore, may be carried out in one or more tranches.

 

 
  

Top Stories

Land Trades: 35 years of trust and excellence

  •   19 hours ago    2

Leave a Comment

Title: Cholamandalam Finance gets board approval to raise Rs 5,000 crore



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.

You might also like