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Cholamandalam Investment and Finance Co. Ltd. ( (IN:CHOLAFIN) ) has issued an announcement.
Cholamandalam Investment and Finance Co. Ltd. announced the allotment of 123,440 equity shares to employees who exercised their options under the employee stock option scheme. This move is part of the company’s strategy to incentivize and retain talent, potentially enhancing employee engagement and aligning their interests with shareholder value. The company will proceed with the necessary formalities to list these shares on the National Stock Exchange and Bombay Stock Exchange, which could impact its market positioning and shareholder base.
More about Cholamandalam Investment and Finance Co. Ltd.
Cholamandalam Investment and Finance Co. Ltd. operates in the financial services industry, offering a range of financial products and services. The company is known for its focus on providing vehicle finance, home loans, and small and medium enterprise loans, primarily targeting retail and corporate customers in India.
Average Trading Volume: 68,587
Technical Sentiment Signal: Buy
Current Market Cap: 1412.3B INR
See more data about CHOLAFIN stock on TipRanks’ Stock Analysis page.