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Motilal Oswal AMC names Balakrishnan as co-fund manager, PMS

* Motilal Oswal Asset Management Company today said it has appointed Mythili Balakrishnan as co-fund manager for its portfolio management services (PMS).

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* Motilal Oswal Asset Management Company today said it has appointed Mythili Balakrishnan as co-fund manager for its portfolio management services (PMS).

Balakrishnan, who has 13 years of experience, will be working as part of the PMS team along with Manish Sonthalia, Motilal Oswal AMC said in a statement.

She was previously associated with Avezo Advisers, Motilal Oswal Group, Nalanda Capital-Singapore, JP Morgan and GE Capital.

Balakrishnan is a post graduate from IIM-Ahmedabad and has been awarded CFA Charter from CFA Institute.

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Tanvi Foods lists on BSE's SME platform; total reaches 165 * Tanvi Foods (India) Limited today got listed on BSE's small and medium enterprise (SME) platform, taking the total number of such firms to 165.

On its debut, shares of the Telangana-based company closed at Rs 60.25, up from its issue price of Rs 60.

Tanvi Foods came out with its initial public offering of 11 lakh equity shares to raise Rs 6.60 crore. The company completed its public issue on February 22.

The company is involved in trading, distribution and processing of food and beverages. It primarily operates in Andhra Pradesh and Telangana.

With this, the total number of companies listed on BSE's SME platform has reached 165.

Out of these, 24 have migrated to the BSE's main board.

The total amount of money raised so far on the BSE SME platform is a little over Rs 1,288 crore and the market capitalisation of companies listed till date is Rs 18,065 crore.

BSE had launched the SME platform in March 2012 to provide opportunity to such firms to raise capital for growth and expansion. It also provides opportunity for investors to identify and invest in good SMEs at an early stage.

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Subramanian steps down from Hathway Cable and Datacom board * Cable services provider Hathway Cable and Datacom today said Biswajit Subramanian has resigned from its board.

"Due to professional commitments, Biswajit Subramanian has tendered his resignation from the board of directors of the company with effect from March 2, 2017," the company said in a BSE filing.

Shares of Hathway Cable and Datacom ended the day at Rs 35.95, down 1.24 per cent on BSE. (MORE)

 

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

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