Cholamandalam Investment and Finance Company511243QIP fundraising

Board approves QIP of up to Rs. 5,000 crores along with audited Q2 and H1 results

Board approved a Qualified Institutions Placement of equity shares and/or eligible securities convertible into equity shares, for an aggregate amount not exceeding Rs. 5,000 crores.

By ScoutQuest · Wed 28 Oct 2026, 1:31 PM IST · 2 min read

QIP Size Approved: aggregate amount not exceeding Rs. 5,000 crores
Standalone Q2 Total Income: Rs. 9,366.88 crores
Standalone Q2 Profit: Rs. 1,630.07 crores

What was approved

The Board of Directors met on 28 October 2026 and approved the audited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, and a proposal to raise funds by issuing securities through a Qualified Institutions Placement (QIP).

The fund raise, in simple terms

The Board approved issue of equity shares and/or eligible securities convertible into equity shares to eligible Qualified Institutional Buyers.
Aggregate size: an amount not exceeding Rs. 5,000 crores, in one or more tranches.
The price and terms are to be determined in accordance with Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
A postal ballot notice under section 110 of the Companies Act, 2013 will be issued seeking shareholders' approval for this fund raise.
The proposal is subject to receipt of requisite approvals.

A QIP is a route through which a listed company raises money from large institutional investors rather than from the general public. If equity shares are issued, the total number of shares in existence rises; the price at which the shares are issued and the number of shares issued decide how much existing shareholding gets diluted.

Standalone results, quarter ended 30 September 2026

Total income: Rs. 9,366.88 crores, compared with Rs. 7,590.13 crores in the same quarter a year earlier.
Finance costs: Rs. 4,329.45 crores.
Impairment of financial instruments (net): Rs. 874.19 crores.
Profit before tax: Rs. 2,188.29 crores.
Profit for the period: Rs. 1,630.07 crores, compared with Rs. 1,155.31 crores a year earlier.
Basic EPS: Rs. 19.09; diluted EPS: Rs. 19.05.

Consolidated results, quarter ended 30 September 2026

Total income: Rs. 9,394.51 crores.
Profit for the period: Rs. 1,630.34 crores.
Basic EPS: Rs. 19.09; diluted EPS: Rs. 19.06.
For the six months ended 30 September 2026: total income Rs. 18,351.19 crores and profit Rs. 3,286.56 crores.

Balance sheet figures, standalone, as at 30 September 2026

Loans: Rs. 2,40,133.20 crores, against Rs. 2,17,571.16 crores as at 31 March 2026.
Total assets: Rs. 2,69,435.95 crores.
Paid-up equity share capital: Rs. 171.57 crores, on shares of Rs. 2 each.

What a reader may want to track

The QIP price and the number of shares finally issued, since these two decide the extent of dilution for existing shareholders.
The shareholder approval through the postal ballot, and the other approvals needed before the issue can be completed.
The quarter's profit figures alongside the size of the loan book, both of which are set out above.

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