Cholamandalam Shares Soar 8% Amid Cobrapost Allegations Clarification
Cholamandalam Investment and Finance shares rallied over 8% on December 23, 2025, after the company addressed Cobrapost's allegations of undisclosed related-party transactions and questionable cash deposits. The company vehemently denied the claims, asserting full compliance and robust financials.
- Cholamandalam shares gained over 8% on December 23, 2025, reversing a previous decline.
- Cobrapost alleged ₹25,000 crore cash deposits and ₹10,000 crore undisclosed related-party transactions by Murugappa Group entities.
- The company strongly refuted allegations as 'malicious and baseless,' citing full compliance with regulations.
- Investors largely overlooked allegations, focusing on company fundamentals and market factors.
- Cholamandalam highlighted its strong liquidity, net worth, and comfortable capital adequacy ratio.
Read the full story on Quick Digest.