A meeting of the Board of Directors of Cholamandalam Investment and Finance Company Ltd is scheduled to be held on December 12, 2019, to consider and approve the payment of interim dividend for the financial year ending March 31, 2020 on the outstanding equity shares of the Company.
The board will also consider proposal for fund raising (equity capital) by way of qualified institutions placement at a price to be determined under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and obtain shareholders' approval for the above issuance by way of an extra ordinary general meeting / postal ballot.
The 'Trading window' would remain closed for "Designated Persons" of the Company with immediate effect till December 14, 2019 in connection with the above.
Shares of Cholamandalam Investment and Finance Company Ltd was last trading in BSE at Rs.299.65 as compared to the previous close of Rs. 301.1. The total number of shares traded during the day was 11080 in over 310 trades.
The stock hit an intraday high of Rs. 303.3 and intraday low of 296.3. The net turnover during the day was Rs. 3332101.