Inventure gets nod for investment of Rs 6 crore in subsidiary company

Inventure Growth and Securities (Inventure) has received an approval for investment of Rs 6 crore in subsidiary company - Inventure Merchant Banker Services by subscription to 12,00,000 equity shares of Rs 10 each including the premium of Rs 40 per share, by way of Right Issue. The board at its meeting held on September 29, 2011 has approved for the same.

Inventure is a professionally managed multi-faceted financial services provider, offering a host of comprehensive services that are well diversified under one roof, to cater to the varied financial needs of the customer. Its specialty is providing advisory and innovatively structured financial solutions in the area of fund raising, infrastructure development, government borrowing, corporate restructuring and money market intermediation.