American Funds (Capital Group) is no longer listed among Cholamandalam Investment and Finance Company Limited's disclosed shareholders, after previously holding a 1.62 percent stake. This indicates either a complete divestment or a reduction of their holding to below the 1 percent disclosure threshold.
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.
India equity holdings of American Funds, the mutual fund family of Capital Group. Long-only, fundamentally driven strategy.
