Page 2 - Cholamandalam Investment And Finance Company

Cholamandalam Investment to raise Rs 5,000 cr through AA-rated NCDs

Cholamandalam Investment and Finance Company, the financial services arm of the diversified Murugappa Group, on Thursday announced its maiden public issue of debt sales worth Rs 5,000 crore in multiple tranches with an opening issue pegged at Rs 1,000 crore. Cholamandalam Finance said the move is to diversify its funding source which currently is heavily skewed towards banks. The Rs 1,000-crore first tranche will open on April 25 and close on May 9, offering an annual coupon of up to 8.40 per cent for 60 months and 8.25 per cent for 22 months. The first tranche includes a base issue of Rs 500 crore with an option to retain oversubscription of up to Rs 500 crore, D Arulselvan, President and Chief Financial Officer of the Chennai-based company, told reporters. The AA-rated NCDs will be listed on the BSE and NSE, and the primary investor target (up to 85 per cent) is retail customers, he said. Arulselvan said that the company's asset under management (AUM), which is heavily auto-loan

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

Aptus Value down 13% in 2 days as it denies merger talks with Cholamandalam

On Monday, the stock price of Aptus had zoomed 19 per cent on report that Cholamandalam Investment and Finance was looking to buy controlling stake in the company

Murugappa group's Chola expects 30% AUM growth next fiscal, bets on EVs

Chennai-based company is expanding EV presence by forming tie ups with original equipment manufacturers

Vehicle finance sector to return to pre-Covid level by Q2 next fiscal: CIFC

Murugappa group's financial services unit says bad loans are down and it expects AUM to grow 25% this financial year

Cholamandalam Investment and Finance posts 7% dip in Q2 net profit

CIFC's total income increased by 22 per cent from Rs 2,481 crore during the second quarter of 2022-23 from Rs 3,038 crore during the same period last financial year

Hero Electric ties up with Cholamandalam to offer retail finance

Hero Electric on Monday said it has joined hands with Cholamandalam Investment and Finance Company to offer retail finance for electric two-wheelers

CarTrade Tech ties up with Chola for financing used vehicle purchases

Chola, the financial services arm of the Murugappa Group, will be the preferred financier for customers purchasing used vehicles from CarTrade Tech's CarWale abSure's dealers

Cholamandalam Investment and Finance Company reports 183.9% rise in Q4 PAT

Cholamandalam Investment and Finance Company Ltd has reported a 183.9 per cent jump on its profit after tax for the quarter ending March 31, 2022 at Rs 690 crore, the company said on Friday.

CIFCL Q4: Net profit up 184% to Rs 690 cr, total income rises 6%

Performance was aided by strong signs of recovery in the auto and mortgage industries.

Cholamandalam launches three new biz verticals for consumer and SME loans

Firm partners with leading Fintech companies BankBazaar, Kreditbee and Paytail

Cholamandalam bets big on e-three-wheelers; eyes tie-ups with manufacturers

The aggressive foray comes at a time when India's electric three-wheelers are expected to contribute 30% of new vehicle sales in the country by 2025, according to Icra

Cholamandalam Investment surges 11% on robust June quarter result

The company expects a gradual revival in subsequent quarters in FY22 with normalization and rollbacks of accounts which moved to higher buckets.

NBFC shares in focus; Bajaj twins, Cholamandalam Investment surge up to 9%

L&T Finance, Indiabulls Housing Finance, IIFL Finance, REC, Shriram Transport Finance, Power Finance Corporation, LIC Housing and HDFC were up between 3 per cent and 9 per cent on the BSE

Cholamandalam Investment rallies 15% in two days on strong Q2 results

The company reported 16 per cent year-on-year growth in its assets under management (AUM) at Rs 74,471 crore.

Cholamandalam Investment Q1 net rises 37% to Rs 431 cr on lower expenses

Diversified financial services company Cholamandalam Investment and Finance on Thursday reported a 37 per cent jump in net profit at Rs 431 crore in the quarter ended June, driven by lower expenses.

Nifty may soon surpass 11,270 in the coming days: Vinay Rajani of HDFC Sec

Nifty is continuing its uptrend and looks set to achieve 76.4% retracement of the entire fall seen from 12,430 to 7,511.

Cholamandalam PBT down 88% to Rs 57 cr on one-time provision of Rs 504 cr

Disbursements were down 36% in Q4 due to Covid-19 lockdown, due to which full-year disbursement dropped by 4%

Financials tank as fiscal package disappoints markets; Nifty Bank slips 5%

Nifty Bank, Nifty Private Bank and Nifty PSU Bank indices were down 5 per cent each as compared to 2.4 per cent decline in the Nifty 50 index.

Cholamandalam Investment opens QIP with floor price of Rs 322.59 per share

The company said that it may offer a discount of not more than five per cent on the floor price so calculated for the issue