Cholamandalam Finance profit rises 45 percent and approves fund raising plan

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Cholamandalam Finance reported its Q1 results, with profit rising more than 45 percent.
Alongside the results, the company approved a plan to raise Rs 55,000 crore through the issue of non-convertible debentures.
The strong profit growth and large fund-raising approval matter because they indicate expansion plans at one of India's major non-banking finance companies.

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Named India · Cholamandalam Finance

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