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 Money & Banking - Mergers & Acquisitions


CARSL becomes Cholamandalam arm

Our Bureau

Chennai , Aug. 27

CHOLAMANDALAM Investment & Finance Company on Friday informed the Bombay Stock Exchange that Cholamandalam AXA Risk Services (CARSL) has become its subsidiary. The development took place after Cholamandalam bought 5 lakh shares of CARSL following the termination of the joint venture in CARSL with M/s AXA, France.

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