Tag Archives: Cholamandalam

Cholamandalam Investment and Finance Q4 net profit declines 85% to Rs 43 crore

Cholamandalam Investment and Finance Co Ltd (CIFCL) on Wednesday reported a 85 per cent decline in net profit to Rs 43 crore in the fourth quarter ended March, due to higher provision of Rs 504 crore related to the COVID-19 pandemic and the possible macroeconomic threats. The diversified financial services company had reported a net profit of Rs 292 crore ... Read More »

Cholamandalam Finance to raise Rs 400 crore tier-II debt

Cholamandalam Investment and Finance Company Ltd (CIFCL) on January 10 said it would raise Rs 400 crore tier-II debt from the UK-based CDC Group Plc through unsecured, subordinated, rupee denominated masala bonds. The masala bonds were Cholamandalam Investment and Finance Company’s maiden issue which may be listed on the London Stock Exchange in future. “CDC and CIFCL have joined hands to ... Read More »

Buy Cholamandalam Investment & Finance Company, target Rs 1,485: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Cholamandalam Investment & Finance Company with a target price of Rs 1,485. The current market price of Cholamandalam Investment & Finance Company is Rs 1,417.10. Time period given by the analyst is ‘Intra Day’ when Cholamandalam Investment & Finance Company price can reach defined target. Manas Jaiswal recommended to keep a stop ... Read More »