Cholamandalam Investment gets NOC for Promoter Reclassification

Cholamandalam Investment and Finance Company Ltd has received No Objection Certificates (NOCs) from both BSE Limited and National Stock Exchange of India Limited for the re-classification of Algavista Greentech Private Limited (AGPL) from the 'Promoter' category to the 'Public' category. This follows earlier communications and applications made by the company regarding the re-classification of AGPL, an outgoing Member of the Promoter Group. The stock exchanges have granted their approval based on the submissions made by the listed entity, and Cholamandalam Investment is required to ensure compliance with subsequent disclosure requirements.