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An update from Cholamandalam Investment and Finance Co. Ltd. ( (IN:CHOLAFIN) ) is now available.
Cholamandalam Investment and Finance Company Limited has allotted 64,690 equity shares of Rs 2 each to employees who exercised their options under the company’s employee stock option scheme, as approved by its Nomination and Remuneration Committee. The company plans to seek final listing of these newly issued shares on the NSE and BSE, modestly enlarging its equity base and reinforcing the role of stock-based compensation in aligning employee interests with long-term shareholder value.
More about Cholamandalam Investment and Finance Co. Ltd.
Cholamandalam Investment and Finance Company Limited is a non-banking financial company (NBFC) that provides a range of financial services, including vehicle finance, home loans, and other retail lending products, primarily targeting retail and small-business customers in India. It is listed on both the National Stock Exchange of India and BSE, reflecting its presence in the country’s public capital markets.
Average Trading Volume: 58,022
Technical Sentiment Signal: Buy
Current Market Cap: 1496.7B INR
For a thorough assessment of CHOLAFIN stock, go to TipRanks’ Stock Analysis page.