As crisis continues to engulf National Spot Exchange (NSEL), the stock trading turnover at MCX-SX, promoted by the same group, rose by 4.25% to R1,085 crore. The licence of MCX-SX is coming up for renewal before Sebi later this month. As per latest data available with MCX-SX, the cash segment equity turnover increased to R1,085.7 crore. However, the cash market turnover had fallen sharply in July to R1,041.4 crore, after crossing R2,000 crore mark in May and had nearly touched R3,000 crore figure in June. MCX-SX began operations as a full-fledged stock exchange in February this year and will be up for a license renewal this month.
Pvt debt placements up 11% in April-June quarter
Indian companies and institutions raised R87,840 crore through private debt placements in the April-June quarter, an 11% increase from a year ago. Mobilisation through the issue of debt securities or bonds to institutional investors was R78,960 crore a year earlier, according to data compiled by Prime Database. The amount was mopped up by 109 institutions and corporates during the quarter under review.
Motilal Oswal PE raises $155 m for IBEF-II fund
Motilal Oswal Private Equity Advisors on Wednesday said it has raised $155 million (over R1,000 crore) for its second India Business Excellence Fund. India Business Excellence Fund-II (IBEF-II), managed andadvised by Motilal Oswal Private Equity Advisors (MOPE) has announced final closing at $155 million, a company release said.
State Bank of Patiala hikes base rates
State Bank of Patiala on Wednesday increased its base rate or minimum lending rate by 0.25 percentage points to 10.25%.