Held on 02 September 2015
Cholamandalam Investment & Finance Company announced that the Board of Directors of the Company on 02 September 2015 have approved the following:1. Payment of an interim dividend out of the profits of the Company for FY 2015-16, at 1% being Re. 1/- per share payable proportionate for the period from 01 April 2015 to 02 September 2015 and
2. Conversion of CCPS into equity shares and allotted 1,22,85,012 equity shares of Rs.10/- each at a conversion price of Rs.407/- (including a premium of Rs.397/-) per equity share in favour of Dynasty Acquisition (FDI).
The Company will be applying for the final listing of the above equity shares on NSE and BSE.
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