Mumbai, Mar 18: Cholamandalam Investment & Finance Co. Ltd. said that its board has declared an interim dividend of 50 per cent or 5 rupees per share for 2003-04 (April-March). The board also approved issue of short-term non-convertible debentures up to 7 billion rupees and medium-term non-convertible debentures up to 3 billion rupees. The company said the non-convertible debentures will be issued to mutual funds, banks, institutions, or corporate bodies on private placement basis.
Bureau Report