Cholamandalam DBS Finance + Freshtrop Fruits

Financial services firm Cholamandalam DBS Finance announced during the market hours today, 3 September 2007 that it has approved the issue of three rights shares for every eight shares held in the company at Rs 140 each. The total rights issue size is Rs 200 crore.

Net profit of Cholamandalam DBS Finance rose 136.83% to Rs 8.36 crore on 177.41% rise in operating income to Rs 168.11 crore in Q1 June 2007 over Q1 June 2006.

Freshtrop Fruits advances ahead of board meet for bonus. The company that its board will meet on Monday, 3 September 2007 to consider the issue of bonus shares.