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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Cholamandalam Investment & Fin. Co. will hold a meeting of the Board of Directors of the Company on 27 July 2017 to interalia consider and approve the unaudited financial results for the quarter ended 30th June 2017 and issuance of non-convertible debentures (Secured Debentures and Unsecured Debentures in the nature of subordinated debt and perpetual debt).

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