Board Meeting28 Oct 2026, 01:34 pm
Cholamandalam Investment to raise up to ₹5,000 Cr via QIP
AI Summary
Cholamandalam Investment and Finance Company Ltd announced that its Board of Directors has approved the audited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The Board also approved a proposal to raise funds up to ₹5,000 crores through the issuance of equity shares and/or eligible securities convertible into equity shares by way of a Qualified Institutions Placement (QIP). A postal ballot notice will be issued to shareholders seeking approval for this QIP.
Key Highlights
- Board approved audited standalone and consolidated financial results for Q2 FY27.
- Approved proposal to raise funds via Qualified Institutions Placement (QIP).
- Targeting to raise up to ₹5,000 crores through the QIP.
- Shareholder approval will be sought via postal ballot for the QIP.
- Joint Statutory Auditors have issued audit reports on the financial results.
Price Impact
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