Arun Alagappan Resigns As MD Of Cholamandalam Investment And Finance moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Arun Alagappan resigns as MD of Cholamandalam
January 18, 2021
× Cholamandalam Investment & Finance Co has announced that Arun Alagappan (43) has resigned from the post of Managing Director and Director.
“He wishes to move ahead to assume larger responsibilities within the group, and the board has accordingly considered and accepted the same today,” the company said in a filing to stock exchanges. Alagappan will be relieved from the services of the company effective February 14, 2021.
Earlier positions
After serving as an Executive Director of the company from August 19, 2017, he was elevated as the Managing Director of Murugappa Group’s NBFC in November 2019.
Then, the company had said the board had approved his appointment as the Managing Director for five years effective November 15, 2019.
Synopsis
Analysts at the fund house believe the market has run up quite a bit and any more uptick will require a solid financial performance from India Inc.
Most of these stocks saw a surge in the past months.
NEW DELHI: SBI Mutual Fund, India s largest mutual fund house, booked profits in Bandhan Bank and some of other banking names besides in some metal biggies even as it betted heavily in IPOs in December.
December buy-sell data for the fund house showed it sold 1.65 crore shares of Bandhan Bank and dumped 20-85 lakh shares of Vedanta, Tata Steel, Cholamandalam Investment & Finance, DLF, BPCL, Kotak Mahindra Bank and Bank of Baroda.
Here s what India s biggest mutual fund house is betting on
SECTIONS
Share
Synopsis
Analysts at the fund house believe the market has run up quite a bit and any more uptick will require a solid financial performance from India Inc.
Most of these stocks saw a surge in the past months.
NEW DELHI: SBI Mutual Fund, India s largest mutual fund house, booked profits in Bandhan Bank and some of other banking names besides in some metal biggies even as it betted heavily in IPOs in December.
December buy-sell data for the fund house showed it sold 1.65 crore shares of Bandhan Bank and dumped 20-85 lakh shares of Vedanta, Tata Steel, Cholamandalam Investment & Finance, DLF, BPCL, Kotak Mahindra Bank and
Financials stocks were trading in the negative zone, with the S&P BSE Finance index falling 76.46 points or 1.04% at 7246.72 at 13:48 IST. Among the components of the S&P BSE Finance index, Shriram Transport Finance Company Ltd (down 6.05%), Magma Fincorp Ltd (down 5.05%),Cholamandalam Investment & Finance Company Ltd (down 4.93%),Dolat Investments Ltd (down 4.71%),Dewan Housing Finance Corporation Ltd (down 4.64%), were the top losers. Among the other losers were Dhanlaxmi Bank Ltd (down 4.2%), Muthoot Finance Ltd (down 4.13%), Bandhan Bank Ltd (down 3.93%), Bajaj Finance Ltd (down 3.63%), and Housing Development Finance Corporation Ltd (down 2.91%). On the other hand, Housing & Urban Development Corporation Ltd (up 12.3%), Jammu and Kashmir Bank Ltd (up 8.63%), and Paisalo Digital Ltd (up 4.31%) moved up.