Religare Enterprises has received an approval for raising of funds for an amount not exceeding Rs 1,000 crore through issuance of equity shares or equity linked securities to eligible investors through one or more modes of issuance. The board of directors at its meeting held on July 31, 2014 has approved for the same.
The above is however subject to the approval of the members of the company in forthcoming Annual General Meeting pursuant to the provisions of the Companies Act, 2013 and other applicable provisions of law and the constitutional documents of the company.
Religare Enterprises is one of India’s leading diversified financial services groups. It offers an integrated suite of financial services including asset management, life and health insurance, lending, broking, investment banking, and wealth management.
