Cholamandalam Investment & Finance Co. Ltd. raised its interim dividend for the fiscal year ending March 31.

The company said it will pay an interim dividend of 3.50 Indian rupees per share with a face value of 10 rupees each, up from 2.50 rupees per share in the prior-year period.

As of Jan. 25, US$1 was equivalent to 68.08 Indian rupees.