Cholamandalam Financial Holdings: Promoter Group Seeks Reclassification to Public Category
Cholamandalam Financial Holdings Limited has received a request from Algavista Greentech Private Limited (AGPL), a member of the promoter group, seeking reclassification from the 'promoter group' cate...
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Why is Cholamandalam Financial Holdings Limited in the news today?
Cholamandalam Financial Holdings Limited (CHOLAHLDNG) is in the news due to the announcement is a routine regulatory filing regarding a reclassification request, with no immediate financial impact or change in shareholding.
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Cholamandalam Financial Holdings: Promoter Group Seeks Reclassification to Public Category
December 18, 2025, 10:17 AM
Cholamandalam Financial Holdings Limited has received a request from Algavista Greentech Private Limited (AGPL), a member of the promoter group, seeking reclassification from the 'promoter group' category to 'public' category shareholders. This request is made under Regulation 31A of the SEBI Listing Regulations.
As of December 18, 2025, the date of the request letter, Algavista Greentech Private Limited held Nil shares and 0% shareholding in the company. The reclassification requires the approval of the Board of Directors of Cholamandalam Financial Holdings Limited, as well as the National Stock Exchange of India Limited and BSE Limited.
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