Cholamandalam Investment and Finance Company Limited (CHOLAFIN) — Board Meeting

· NSE 🟡 Notable Neutral
📢 Key Event
20,000 CCDs converted into 13,54,940 equity shares at Rs. 1476.08 per share.
🔄 What Changed
Issued capital rose from Rs. 1706683732.00 to Rs. 1709393612.00; paid-up capital increased from Rs. 1705316192.00 to Rs. 1708026072.00.
💡 Investor Takeaway
The conversion dilutes existing shareholders by increasing total shares outstanding.

Cholamandalam Investment and Finance Company announced the conversion of 20,000 Compulsorily Convertible Debentures (CCDs) into 13,54,940 equity shares at Rs. 1476.08 per share, reflecting a 16.50% discount to the average price. This increases the issued and paid-up capital from Rs. 1706683732.00 to Rs. 1709393612.00, reflecting a 0.15% rise in total capital. The conversion was approved by the QIP Committee and complies with SEBI LODR Regulation 30.

📄 View Original Announcement (PDF)

About Cholamandalam Investment and Finance Company Limited (CHOLAFIN)

Financial Services · Finance · Listed on NSE

Market Cap: ₹1,31,794.92 Cr P/E: 31.9

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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