CIFCLCholamandalam Investment and Finance Company Ltd. (India)
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After the conversion of CCPS, it will reflect CIFCL s post-issue capital of ~8%.
CIFCL will also boost its authorized share capital base to INR 7.
Commercial vehicle (CV) finance, home equity (loan against property) and business finance are parts of the business portfolio of CIFCL.
Furthermore, CIFCL is supported by its parent, Murugappa Group, the rater said.