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Cholamandalam Investment & Finance Co.: Announcement under Regulation 30 (LODR)-Preferential Issue


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We refer to our letter dated 25th February 2020 declaring the results of postal ballot in respect of the postal ballot notice dated 23rd January 2020 seeking approval of the shareholders for issue of equity shares on a preferential basis up to Rs.300 crores to Cholamandalam Financial Holdings Limited a promoter entity.

In this regard we wish to inform you that the Issue Committee of the Board has today approved the allotment of 93 45 794 equity shares of Rs.2/- each at an issue price of Rs.321/- per equity share aggregating to Rs.299.99 crores to Cholamandalam Financial Holdings Limited.

We request you to take the above on record and the same be treated as compliance under the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015.

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