Religare Enterprises’ subsidiary - Religare Finvest (RFL), one of India's largest capitalized NBFCs has received Rs 150 crore from Avigo Capital. Avigo Capital has completed an investment of Rs 150 crore in the form of compulsory convertible preference shares.
Religare Finvest is on a fast growth trajectory, focusing on small and medium enterprises (SME) financing. It has recently successfully raised Rs 754 crore from a retail issue of non-convertible debentures and its loan book size stands at Rs 11,380.00 crore (as on September 30, 2011).
Avigo Capital, as an Indian private equity fund manager that focuses on private equity investments in the country's SME sector.
Religare Enterprises (REL) is engaged in providing financial products and services. REL provides services across three segments namely retail, institutional and wealth.
