Invesco Mutual Fund decreased its stake in Cholamandalam Investment and Finance Company Limited from 1.60% to 1.06%, selling 4,591,341 shares. The value of the sold shares is approximately ₹86.53 crore, based on the current share price of ₹1884.70.
A diversified non-banking financial company, Cholamandalam Investment & Finance provides vehicle finance, home loans, and loans against property to retail customers across India. The company operates as one of India's premier NBFCs with a strong focus on asset-backed lending. Its distinctive approach combines extensive distribution networks with customized financial solutions tailored to meet diverse customer needs in the retail lending segment.
Indian subsidiary of Invesco Ltd, a US-listed global investment manager with over USD 1.8 trillion in AUM worldwide. Manages over Rs 1.2 lakh crore in India. Known for its Invesco India Contra Fund, which runs a contrarian, undervalued stock strategy against consensus market positioning. One of the few global AMC franchises maintaining a strong active equity presence in India.
