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Chennai, April 1

Cholamandalam MS General Insurance expects to enhance its capital base by investing Rs 75 crore in April 2009 through a rights issue. The paid-up capital of the company will increase from Rs 142 crore to Rs 217 crore while the authorised capital will move up from Rs 205 crore to Rs 250 crore. Mr S.S. Gopalarathnam, Managing Director, Chola MS, said that with industry growth largely happening in motor and health segments, Chola MS is enhancing its capital base to support i ts growth plan in these two segments. — Our Bureau

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