Cholamandalam, a car-loan lender, plans to offer ₹15 lakh mortgages for homes
- Cholamandalam will transfer ₹2,600 crore housing loan portfolio to the new housing subsidiary once it gets its license, says Arun Alagappan of CIFCL
- Shares of the company, which have gained about 5% this year, fell 0.5% to ₹264.15 in Mumbai on Monday.