1:2 bonus issue from Moser Baer: to raise $150mn
Mumbai: Moser Baer India has announced the issue of bonus shares in the ratio of 1:2 (one share for every two shares held) by capitalising a part of its reserves.

The company has also approved raising of capital to finance the company's expansion/special projects through a mix of debt/equity and convertible instruments up to $150 million (around Rs630 crore).
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Religare launches trading portal
New Delhi: Religare Enterprises has launched a new portal (www.religareonline.com). Company officials said the new portal allows consumers to invest in equities, commodities and mutual funds through the same platform. Consumers can also earn `trade rewards' each time they invest online which they can redeem for offers on the portal.

The company has also launched a new scheme, `Freedom' plan and interest on cash margins, where interest can be earned on amount kept as margin in the Internet trading account. Under the Freedom plan, the customer need not pay a brokerage fee but only a nominal subscription fee.
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