Cholamandalam Investment Q2 net profit rises 41% on strong income growth, plans Rs 5000 crore capital raise

Cholamandalam Investment and Finance reported a 41% rise in second-quarter net profit to Rs 1,630 crore, helped by strong income growth, higher loan disbursements and lower loan losses. The company’s board approved a proposal to raise up to Rs 5,000 crore through a qualified institutional placement.

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