Financial Daily from THE HINDU group of publications
Sunday, Mar 16, 2003
Financial Daily from THE HINDU group of publications Sunday, Mar 16, 2003 |
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Money & Banking
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NBFCs Cholamandalam declares dividend Our Bureau
MUMBAI: Cholamandalam Investment & Finance Company Ltd has informed the Bombay Stock Exchange that the board of directors has approved the payment of interim dividend on the equity shares of the company at the rate of 50 per cent i.e. Rs 5 per equity share of Rs 10 each. The board has also approved issue of short-term non-convertible debentures (NCDs) up to an amount of Rs 600 crore and medium-term non-convertible debentures (NCDs) up to an amount of Rs 150 crore on private placement basis in one or more series to mutual funds/institutions/banks/bodies corporate/individuals or other agencies.
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