Cholamandalam DBS did a private placement of its shares @ Rs. 92 with IFC, Washington. This is just a small story. There is a website which sells financial information…this statement is hilarious. You should read it. It quotes Reuters…and says Chola has 2 subsidiaries – Murugappa group and DBS Bank in Singapore…read on!

http://www.alacrastore.com/company-snapshot/Cholamandalam_D_B_S_Finance_Ltd-2507782

and have a good laugh..Madhu Soman please have a look …!