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Outcome of Board Meeting

| Updated on July 28, 2011 Published on July 28, 2011

Cholamandalam Investment and Finance Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 28, 2011, inter alia, has approved the following:

1. Issue of 1,00,000 short term / long term, Redeemable, Non-Convertible Debentures of a face value of Rs. 10 lakhs each at par in one or more tranches on private placement basis.

2. Issue of 4500 unsecured Redeemable, Non-Convertible Debentures (subordinated debt) of a face value of Rs. 10 lakhs each at par aggregating to Rs. 450 crores in one or more series on private placement basis.

3. Issue of 8000 unsecured Redeemable, Non-Convertible Debentures (perpetual debt) of a face value of Rs. 5 lacs each at par aggregating to Rs. 400 crores in one or more series on private placement basis.

Source : BSE - >www.bseindia.com

Published on July 28, 2011
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