Cholamandalam Investment, Aptus deny talks for merger after media reports

Chola says it 'has not expressed any interest either in the past or present in acquiring' Aptus Value

BS Reporter, Chennai

Cholamandalam Investment and Finance Company (Chola) of the Murugappa group said on Thursday it has no plans to acquire a stake in Aptus Value Housing Finance India.

“We wish to clarify that Chola has not expressed any interest either in the past or present in acquiring Aptus Value Housing Finance,” said the company in a statement after media reports that it plans a takeover.

According to the reports, the two companies started talks after Aptus promoter M Anandan failed