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Cholamandalam arm aims to double biz

Our Bureau

Chennai , Sept. 13

CHOLAMANDALAM Distribution Services Ltd, a subsidiary of Cholamandalam Investment and Finance Company, aims to double business in two years. The company mobilised Rs 2,500 crore (selling financial products) in 2003-04.

It also earned an income of Rs 6.5 crore during the year, which is expected to double to Rs 12 crore in two years, company officials said at a press conference here.

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