<div id="readability-page-1"><div>Motilal Oswal's research report on Cholamandalam Inv and FinOn 22nd Dec’25, an agency named Cobrapost released an investigative report alleging large-scale related-party transactions, cash handling irregularities, governance lapses, and regulatory non-compliance at CIFC. CIFC’s management responded promptly, categorically refuting the claims and stating that the allegations are malicious, distorted, and motivated, and lack any factual or regulatory basis. CIFC’s management convened an investor call to address investor queries and the allegations raised, reiterating that the claims are baseless, selective, and stem from misinterpretation of disclosures and the applicable regulatory framework. The company further stated that there is no change in business strategy, operating performance, or guidance, and reiterated confidence in delivering on its stated growth, profitability, and asset quality objectives.OutlookCIFC remains a robust franchise, with an expected CAGR of ~20% in AUM and ~25% in PAT over FY25-28, alongside projected RoA/RoE of 2.7%/20% in FY28. Reiterate our BUY rating with a TP of INR2,000 (4x Dec’27E BVPS).For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Cholamandalam Inv and Fin - 24122025 - moti</div></div>

CIFC

Motilal Oswal recommends buying Cholamandalam Investment and Finance (CIFC) with a target price of Rs 2000. Despite allegations of irregularities by Cobrapost, CIFC's management refuted the claims and assured no change in business strategy or performance. CIFC is expected to achieve a CAGR of ~20% in AUM and ~25% in PAT over FY25-28, with projected RoA/RoE of 2.7%/20% in FY28.

Buy Cholamandalam Inv and Fin; target of Rs 2000: Motilal Oswal