Axis Mutual Fund increased its stake in Cholamandalam Investment and Finance Company Limited, purchasing 1,728,505 shares. This raised its holding from 15,148,235 shares (1.78%) to 16,876,740 shares (1.98%). The transaction value was approximately ₹325.79 crore, with an average share price of ₹1,884.70.
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.
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.
