Chokhani Securities, a non-banking financial company (NBFC) recently acquired by former Religare Enterprises CEO Shachindra Nath, has raised Rs.112 cr. through a qualified institutional placement (QIP). Chokhani Securities has so far raised Rs.1,000 cr. in the last six months across three tranches. The company, which was acquired by Nath last December, will start lending operations from January 2019. It will focus on select sectors and will target small and medium enterprises.

(Live Mint)