The company will be issuing shares to promoter entity Cholamandalam Financial Holdings, to raise around Rs 300 crore in one or more tranches
Proposed investment to be subject to Sebi and other regulatory approvals
Primary trend of the stock is bullish where stock price is trading above its 20, 50 and 200 day SMA.
For the six-month period ending September 30, 2019 consolidated profits after tax grew to Rs 655.17 crore
Cholamandal is today part of the tourist circuit but few visitors realise the role it has played as the last pillar of modernism in the country.
The company will target buyers of low-cost homes and offer loans of as much as Rs 15 lakh
Q4 is a strong quarter for the rural-focused companies such as Chola Investment in terms of recoveries
The main growth driver for Cholamandalam was its vehicle finance business
Consolidated profit after tax for the financial year ending March 31, 2016, stood at Rs 574.65 crore
Above demand includes Rs 109.84 cr tax and Rs 98.60 cr interest payments
To surrender RBI's in-principle approval