Cholamandalam Financial Holdings Limited
Axis Mutual Fund decreased its stake in Cholamandalam Financial Holdings from 2.39% to 2.13% by selling 476,933 shares. This stake, post-reduction, is valued at ₹62.06 crore based on the share price of ₹1548.40.
A core investment company registered with the RBI, this entity operates within the Murugappa Group and provides a diverse range of financial products and risk management services to individual and corporate customers. It leverages its integrated financial services platform through group companies to deliver comprehensive solutions across insurance, investment, and financial advisory segments, serving clients nationwide.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.