Indian NBFC Cholamandalam to raise $141m via QIP route

Indian NBFC Cholamandalam to raise $141m via QIP route

Indian hundred rupee notes rolled in a bundle. Photo: Rupixen/Unsplash

Chennai-based non-banking financial company (NBFC) Cholamandalam Investment and Finance Co. Ltd on Thursday said its board has approved the issuance of equity shares worth 1,000 crore through qualified institutional placement (QIP), in one or more tranches.

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