Cholamandalam Investment and Finance Company gains on teaming up with Hero Electric
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Cholamandalam Investment and Finance Company is currently trading at Rs. 681.00, up by 4.30 points or 0.64% from its previous closing of Rs. 676.70 on the BSE.
The scrip opened at Rs. 672.10 and has touched a high and low of Rs. 683.10 and Rs. 665.00 respectively. So far 22701 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 770.05 on 26-Apr-2022 and a 52 week low of Rs. 469.75 on 20-Dec-2021.
Last one week high and low of the scrip stood at Rs. 683.10 and Rs. 618.75 respectively. The current market cap of the company is Rs. 55821.46 crore.
The promoters holding in the company stood at 51.55%, while Institutions and Non-Institutions held 40.61% and 7.84% respectively.
Cholamandalam Investment and Finance Company (Chola) has teamed up with Hero Electric to offer retail finance for electric two-wheelers. The partnership will enable the Hero Electric to cater to newer markets with Chola's widespread presence across the country. The partnership will also give Chola a strong foothold in the EV financing space, with 1,145 branches spread across urban, semi-urban and rural markets
Cholamandalam Investment and Finance Company is among the top 5 NBFC’s in the country operating in vehicle finance, home equity, corporate and mortgage finance segments with subsidiaries in the broking and wealth advisory space.
