Chola to raise `150cr from 6 firms

Sep 11, 2010 |

Correspondent

The Board of directors of the Cholamandalam Investment and Finance Company Limited, a Murugappa group company, seeks to raise `150 crore through preferential allotment of shares. It proposes to issue 9,375,000 equity shares of `10 each at a price of `160 per share aggregating to `150 crore to six of its marquee investors. These shares will remain locked in for a period of 12 months from the date of allotment.

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