Cholamandalam Investment & Finance Company announced that the Nomination and Remuneration Committee has approved an allotment of 3,999 equity shares of Rs.10/- each to the option grantees who have exercised their options.

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Net profit of Cholamandalam Investment & Finance Company rose 24.06% to Rs 207.43 crore in the quarter ended June 2017 as against Rs 167.20 crore during the previous quarter ended June 2016. Sales rose 11.84% to Rs 1246.85 crore in the quarter ended June 2017 as against Rs 1114.81 crore during the previous quarter ended June 2016.

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Net profit of Cholamandalam Investment & Finance Company rose 24.65% to Rs 206.58 crore in the quarter ended June 2017 as against Rs 165.73 crore during the previous quarter ended June 2016. Sales rose 11.40% to Rs 1234.80 crore in the quarter ended June 2017 as against Rs 1108.47 crore during the previous quarter ended June 2016.

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The Board of Cholamandalam Investment & Finance Company at its meeting held on 27 July 2017 approved the following -

Issue of 1 lakh secured or unsecured NCDs of face value of Rs 10 lakh each aggregating Rs 10,000 crore on private placement basis;

Issue of 10,000 unsecured redeemable NCDS of face value of Rs 10 lakh each aggregating Rs 1000 crore on private placement basis;

Issue of 5000 unsecured redeemable NCDS of face value of Rs 10 lakh each aggregating Rs 500 crore on private placement basis.

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