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Cholamandalam Investment & Finance Company: Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015


We wish to inform you that the Company is proposing to make a strategic investment in the equity shares of Payswiff Technologies Private Limited (Payswiff) up to a sum not exceeding Rs.450 crores in one or more tranches. In this regard the Company has signed a Shareholders Agreement and a Share Purchase Agreement on 17 January 2022 with Payswiff its founders and other existing shareholders. The total investment will result in the Company holding up to 72.12% of the equity capital of Payswiff on a fully diluted basis and Payswiff consequently will become a subsidiary of the Company. Payswiff is engaged in the business of enabling online payment gateway services for e-commerce businesses and provides e-commerce solutions. Payswiff is an omni channel payment transaction solution that lets business owners accept payments from their customers in-store at home deliveries online and on-the-go using mPOS and POS solutions.The disclosure under Reg 30 of LODR is enclosed as an annexure.

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