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India's Motilal Oswal Financial raises final dividend, names managing director

India-based Motilal Oswal Financial Services Ltd. raised its final dividend for the year ended March 31 to 4.50 rupees per share from 3 rupees per share in the prior fiscal year.

The company said Aug. 31 that it named Navin Agarwal managing director. Further, it appointed Ajay Menon and Rekha Shah a director and an independent director, respectively.

The appointments will be deemed to have taken effect Aug. 21, if they are approved by shareholders at a Sept. 27 annual general meeting.

As of Aug. 31, US$1 was equivalent to 70.88 Indian rupees.