Cholamandalam Investment and Finance Company has received a request from Algavista Greentech Private Limited (AGPL) for reclassification from the ‘Promoter Group’ category to the ‘Public’ category. This request follows E.I.D.-Parry (India) Limited’s divestment of its entire stake in AGPL to Synthite Industries Private Limited. As of the request date, AGPL holds no shares in Cholamandalam.
Reclassification Request Overview
Cholamandalam Investment and Finance Company announced it has received a request on December 18, 2025, from Algavista Greentech Private Limited (AGPL), a part of Cholamandalam’s Promoter Group, seeking reclassification to the ‘Public’ category. This follows a letter from AGPL requesting this change.
Details of the Request
The reclassification request is due to E.I.D.-Parry (India) Limited divesting its entire stake in AGPL to Synthite Industries Private Limited. As a result, AGPL no longer meets the criteria to be classified under the Promoter group.
AGPL’s Shareholding Status
As of December 18, 2025, AGPL does not hold any shares in Cholamandalam Investment and Finance Company.
Next Steps
The request will be presented to the Board. After the Board’s approval, the company will seek necessary approvals from the National Stock Exchange of India Limited and BSE Limited.
Source: BSE