Date:27/12/2008 URL: http://www.thehindu.com/2008/12/27/stories/2008122761741700.htm

Business - Briefly

Chola DBS Finance to raise Rs. 300 crore

MUMBAI: Cholamandalam DBS Finance on Friday said it will raise Rs. 300 crore through the issue of one crore preference shares to the promoters of the company. The preference shares would be convertible into equity shares within 18 months from the date of allotment. The approval of the shareholders is proposed to be sought for this purpose, according to a Bombay Stock Exchange release. — Corporate Reporter