Cholamandalam Investment and Finance Company to consider preferential issue on Jan 31, 2012

Cholamandalam Investment and Finance Company Ltd has now announced with reference to the earlier announcement regarding convening a Board Meeting on January 31, 2012, that the Board at the same meeting on January 31, 2012 will also considering an issue of equity shares and/or Fully Convertible Warrants on a preferential basis in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.

The Cholamandalam Investment and Finance Company Ltd has now stock was trading at Rs.154, up by Rs.1.10 or 0.72%. The stock hit an intraday high of Rs.161.35 and low of Rs.150.

The total traded quantity was 5706 compared to 2 week average of 5373.

Source : Equity Bulls

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