NSE: CHOLAFIN · 28 October 2026
- Cholamandalam Investment and Finance Company Limited (CHOLAFIN) shares climbed 5.79% during Tuesday's trading session, closing at ₹1554.0 after moving between an intraday low of ₹1452.6 and a high of ₹1557.0.
- The QIP committee approved the conversion of 43,000 Compulsorily Convertible Debentures of face value ₹1,00,000 each into 30,54,849 equity shares of ₹2 each at a conversion price of ₹1,407.59 per share. This conversion resulted in a corresponding expansion of the company's paid-up equity capital.
- Trading volume was 1.93 times the 20-day average daily volume.
Why is Cholamandalam In & Fin Co share price rising on 28 October 2026?
Cholamandalam Investment and Finance Company Limited (CHOLAFIN) shares climbed 5.79% during Tuesday's trading session, closing at ₹1554.0 after moving between an intraday low of ₹1452.6 and a high of ₹1557.0.
The stock outperformed the broader market benchmark Nifty, which declined by 0.22%.
The upward momentum coincided with the release of the company's financial results and investor presentation for the quarter and half year ended September 30, 2026. While earnings announcements provide fundamental context, market participants also evaluated the board's approval to raise up to ₹5,000 crores through a Qualified Institutions Placement (QIP).
31.40 lakh shares traded by 28 October 2026 · 03:10 PM IST. This compares with a 20-day average daily volume of 16.30 lakh shares (1.93 times). The five-day average daily volume was 20.25 lakh shares. Separately, the NSE report for 27 October 2026 showed 11.01 lakh shares delivered, representing 63.75% of that day’s traded volume. The same report recorded 56,809 trades.
The stock's strong advance and heavy trading volume coincided directly with the release of quarterly financial results and the board's approval of a ₹5,000 crore QIP proposal.
Latest Company Developments
The QIP committee approved the conversion of 43,000 Compulsorily Convertible Debentures of face value ₹1,00,000 each into 30,54,849 equity shares of ₹2 each at a conversion price of ₹1,407.59 per share. This conversion resulted in a corresponding expansion of the company's paid-up equity capital.
Debenture conversions alter the total equity base and impact share dilution metrics.
Members of the Exchange are hereby informed that the trading in Compulsorily Convertible Debentures (CCDs) of Cholamandalam Investment and Finance Company Limited shall be suspended w.e.f. September 23, 2026 (ISIN: INE121A08PJ0) on account of Conversion.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 14.80% on 30 September 2026. This compares with 15.14% on 30 June 2026, a change of -0.34 percentage points.
The filing reported 44 MF/UTI holders.
What to Watch Next
- Shareholder voting outcomes regarding the proposed QIP fundraising via postal ballot
- Execution of credit growth and disbursement targets across vehicle finance and MSME ecosystems
- Asset quality metrics and Stage 3 (90 DPD) asset trends in subsequent quarters
- Delivery volume consistency against the 20-day average
Other Dated Coverage
- Cholamandalam In & Fin Co Share Price Today: Why CHOLAFIN Is Falling 4.38% | 23 October 2026 — 23 October 2026
- Cholamandalam In & Fin Co Share Price Today: Why CHOLAFIN Is Falling 0.95% | 22 October 2026 — 22 October 2026
- Cholamandalam In & Fin Co Share Price Today: Why CHOLAFIN Is Falling 2.13% | 21 October 2026 — 21 October 2026
More Cholamandalam In & Fin Co news and dated analysis →
Frequently Asked Questions
What is the latest Cholamandalam In & Fin Co company news?
The QIP committee approved the conversion of 43,000 Compulsorily Convertible Debentures of face value ₹1,00,000 each into 30,54,849 equity shares of ₹2 each at a conversion price of ₹1,407.59 per share. This conversion resulted in a corresponding expansion of the company's paid-up equity capital.
How strong was Cholamandalam In & Fin Co’s trading volume?
31.40 lakh shares traded, 1.93 times the 20-day average daily volume. The price and volume data are dated 28 October 2026 · 03:10 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.