Cholamandalam DBS Rights issue Record date

Cholamandalam DBS Finance has informed to the exchanges that, it has fixed Sep. 18, 2007 as the record date for the purpose of rights issue.

Cholamandalam DBS Finance will issue a total of 14,229,929 shares for rights issue at a price of Rs 140 per share, and the ratio for the rights issue is 3:8, that is three new shares for every eight existing shares held.

Shares of the company were last trading up Rs 16.6, or 8.83% up at Rs 205.55 on Bse (Monday).