Board Meeting28 Oct 2026, 01:32 pm
Cholamandalam Inv. to raise up to ₹5,000 Cr via QIP
AI Summary
Cholamandalam Investment and Finance Company Ltd's Board of Directors has approved a proposal to raise funds up to ₹5,000 crores through a Qualified Institutions Placement (QIP). The company will issue equity shares and/or eligible securities convertible into equity shares to eligible Qualified Institutional Buyers. This move is subject to receipt of requisite approvals. The Board also approved the audited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. A postal ballot notice will be issued to seek shareholder approval for the QIP.
Key Highlights
- Board approves QIP to raise up to ₹5,000 crores.
- Funds to be raised via equity shares or convertible securities.
- QIP is subject to necessary regulatory and shareholder approvals.
- Audited financial results for Q2/H1 FY27 also approved.
- Shareholder approval to be sought via postal ballot.
Price Impact
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