Quick view: Religare Finvest gets R150 crore from Avigo

Updated: Nov 29 2011, 08:37am hrs
Wholly-owned subsidiary of Religare Enterprises and NBFC, Religare Finvest has received an investment of R150 crore from private equity firm Avigo Capital in the form of compulsory convertible preference shares. Religare Finvest is focused on financing of small and medium enterprises. It has recently raised R754 crore from a retail issue of non-convertible debentures earlier this year and its loan book size stands at R11,380 crore as on September 30

Escorts recommends dividend of R1.50

Escorts has informed the Bombay Stock Exchange that the board of directors of the company has recommended dividend of R 1.50 or 15% per equity share for the financial year.

Idea Cellular allots equity shares as Esops

Idea Cellular has informed the Bombay Stock Exchange compensation committee of the company has allotted 399,294 equity shares of R10 each to the Option Grantees, pursuant to the exercise of Stock Options granted under the company's Employee Stock Option Scheme. After the allotment, the equity share capital of the company increased to 3,306,710,600 equity shares of R10 each.

CSE turnover may touch R500 crore

The Calcutta Stock Exchange is hopeful of reaching a turnover of R500 crore per day by end of the current fiscal. The average daily turnover in C-Star (CSEs own trading platform) is around R70 crore at present. The Century old stock exchange entered into an arrangement with BSE in 2007 and the turnover through the arrangement stood at R10 crore per day as on May this year. We are hopeful of reaching a turnover of Rs 500 crore by the fiscal end, said B Madhav Reddy, managing director & CEO of CSE. The stock exchange launched the operations with the National Stock Exchange on Monday.