Cholamandalam Investment and Finance Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 30, 2012, inter alia, has considered and approved a Scheme of Amalgamation of the Company's wholly owned subsidiary viz. Cholamandalam Factoring Ltd. (CFACT) with the Company, subject to the approval of shareholders, creditors, regulatory authorities, etc. and sanction of the Scheme by the Hon'ble High Court of Judicature at Madras. The proposed 'Appointed Date' for amalgamation is April 01, 2012. With reference to the earlier announcement dated October 30, 2012 intimating about the Board approval of the Scheme of Arrangement for merger of the Company's wholly owned subsidiary viz, Cholamandalam Factoring Ltd. (CFACT) with the Company, subject to the approval of regulatory authorities and sanction of the Scheme by the Hon'ble High Court of Judicature at Madras, Cholamandalam Investment and Finance Company Ltd has now informed BSE about the High Court order dated May 13, 2013 passed by the Hon'ble High Court sanctioning the Scheme of Amalgamation with effect from the appointed date i.e. April 01, 2012. (As per BSE Announcement Dated on 15.05.2013)