MUMBAI (Reuters) - Cholamandalam Investment and Finance Co Ltd
The Chennai-based non-bank finance company plans to launch the share sale within a few weeks, depending on market conditions, said the sources, who declined to be named as they were not authorised to speak to the media.
JM Financial Services
Officials at Cholamandalam, JM Financial, Kotak, Axis and Citi were not immediately available for comment.
In December, Cholamandalam said its board had approved raising up to 3 billion rupees in capital through private placements.
(Reporting by Indulal P.M.; Editing by Sumeet Chatterjee)