Cholamandalam Investment and Finance Company Limited (CHOLAFIN) announced the allotment of 71,465 equity shares. These shares, each with a face value of ₹2, were issued to eligible employees upon the exercise of their options under the company's employee stock option scheme. The Nomination and Remuneration Committee of the company has approved this allotment. Following the allotment, CHOLAFIN will submit an application for the final listing of these newly issued shares on both the National Stock Exchange (NSE) and the BSE to complete all remaining formalities related to the issue.
