• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Chennai , Nov. 5

CHOLAMANDALAM Investment & Finance on Friday informed the Bombay Stock Exchange of the change in the status of Cholamandalam Risk Service. Cholamandalam Risk Service is no longer its subsidiary as Mitsui Sumitomo has increased its equity stake in the company to more than 50 per cent.

The notice said that Mitsui was issued 5 lakh additional shares in Cholamandalam Risk. Prior to the issue, Mitsui and Cholamandalam Investment had an equal stake in the company. Cholamandalam and Mitsui have a joint venture in general insurance too, where the former has majority equity stake.

More Stories on : Financial Services | Mergers & Acquisitions

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Mitsui hikes stake in Cholamandalam Risk

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line