Cholamandalam Investment And Finance Company

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

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

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

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

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

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 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.

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

Firm partners with leading Fintech companies BankBazaar, Kreditbee and Paytail

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

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

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

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

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

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

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.

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

The company will be issuing shares to its promoter entity Cholamandalam Financial Holdings Ltd to raise around Rs 300 crore in one or more tranches