Religare Enterprises has received an approval for raising of funds up to Rs 2,500 crore through issue of capital. The company has received board approval for the same at its meeting held on March 12, 2012, in continuance with the approval of shareholders dated March 12, 2011.
Religare Enterprises (REL) is engaged in providing financial products and services. REL provides services across three segments namely retail, institutional and wealth.