Cholamandalam Investment and Finance Company approves Preferential Issue of Equity shares at Rs.160

The Board of Directors of Cholamandalam Investment and Finance Company Limited has approved an issue of 1,32,55,454 equity shares of Rs.10/‐ each at Rs.160 per share aggregating to Rs.212.08 Crores to investors on a preferential basis, subject to the approval of the shareholders.

The allottees include Multiples Private Equity FII I (4,813,718 shares worth Rs.77.02 crores), Multiples Private Equity Fund (1,814,009 shares worth Rs.29.02 crores) and Creador 1 LLC and /or its wholly owned subsidiary - Neobalano Carpus Ltd. (66,27,727 shares worth Rs.106.04 crores).

The Cholamandalam Investment and Finance Company Limited stock closed the day at Rs.151.80, down by Rs.1.20 or 0.78%. The stock hit an intraday high of Rs.154.85 and low of Rs.151.40.

The total traded quantity was 889 compared to 2 week average of 5170.

Source : Equity Bulls

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