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Cholamandalam Investment rejects report on Vellayan Subbiah exit, says claims 'baseless'

Cholamandalam Investment has strongly denied a media report about its executive chairman Vellayan Subbiah exiting the firm. The company stated the claims are factually incorrect and baseless. Subbiah's office confirmed he continues in his role for his approved five-year term. There are no changes in management control or ownership structure across group businesses. Existing leadership arrangements remain unchanged.