Cholamandalam Investment & Finance Company Ltd (CIFCL), part of the Rs 4,200 crore Chennai-based Murugappa Group has struck a securitisation deal with HDFC Bank worth Rs 75 crore last week.
CIFCL is also expected to end the current financial year with a topline growth of about 35 per cent and a 50 per cent jump in its bottomline according to a senior official of the company. M Anandan, managing director, CIFCL, said the NBFC had securitised receivables from its commercial vehicles portfolio.
