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Cholamandalam Investment and Finance Co Ltd To Raise INR300 Crore (INR3 Billion) Fund-The Economic Times


Wednesday, 6 Feb 2013 07:00pm EST 

The Economic Times reported that non-banking finance company Cholamandalam Investment and Finance Co Ltd, part of $4.4 billion (INR22,300 crore) (INR223 billion) Murugappa Group commenced INR300 crore (INR3 billion) fund raising on February 6, 2013, and set a floor price of INR279.69 a share. The Chennai-based company will raising the funds through placement of equity shares to qualified institutional buyers. In December, Cholamandalam said Board had approved the fund rising. 

Company Quote

469.0
10.65 +2.32%
19 Dec 2014