Cholamandalam Finance Board Approves QIP Fundraise Up to ₹5,000 Crore
The board approved fundraising of up to ₹5,000 crore through a QIP in one or more tranches. The company also reported a 41% rise in Q2 net profit to ₹1,630 crore.
The Board of Cholamandalam Investment and Finance Company Ltd (CIFCL) on Wednesday approved fundraising via a QIP for an amount not exceeding ₹5,000 crore in one or more tranches.The company’s fundraise plans come at a time when it reported a robust 41 per cent jump in net profit at ₹1,630 crore fo…