Cholamandalam Allots 2,87,232 Equity Shares to Employees Under Stock Option Scheme
Cholamandalam Investment and Finance Company Limited announced the allotment of 2,87,232 equity shares to its employees. The allotment pertains to shares received after employees exercised their options under the company's employee stock option scheme.The Nomination and Remuneration Committee of the Company has approved the distribution of the shares, each valued at Rs. 2/-.
The company confirmed that following the allotment, Cholamandalam Investment and Finance Company Limited will proceed with applying for the final listing of the newly allotted shares on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). This step is intended to complete the remaining issue-related formalities for the equity.
CHOLAFIN Stock Price Movement
Shares of Cholamandalam Investment and Finance Company Limited today slipped by 0.94% to settle at ₹1569.3. Trading saw a volume of 810,091 shares, indicating selling pressure throughout the day's session.Source:
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