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Cholamandalam
BSE: 511243NSE: CHOLAFINISIN: INE121A01024

7th-Mar-2020 16:17Source: BSE

Cholamandalam Investment and Finance Company - Announcement under Regulation 30 (LODR)-Preferential Issue

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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2020-06-03

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