Cholamandalam Investment allots equity shares under ESOP

Cholamandalam Investment and Finance Company (BSE:CHOLAFIN) announced on March 3, 2025, that its Nomination and Remuneration Committee approved the allotment of 31,930 equity shares with a face value of Rs.2 each, in line with the company's employee stock option plan. The shares were allotted to employees who had exercised their vested options. The company has informed exchanges that it will be applying for final listing approvals from both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). This allotment is part of the company's ongoing initiative to incentivize and reward its employees through equity participation.