Religare Finvest, a unit of Religare Enterprises, is eyeing to raise Rs 150 crore via 5-year 9-month bonds at 12.75 percent. The pay-in date for the issue is July 15 and A.K.Capital is the sole arranger to the deal.
Religare Enterprises (REL) is engaged in providing financial products and services. REL provides services across three segments namely retail, institutional and wealth. On consolidated basis, the group’s has reported a net loss of Rs 300.52 crore as compared to the net profit of Rs 96.92 crore for the year ended March 31, 2010. Total Income for the year has increased by 70.65% at 2858.79 crore as compared to Rs 1675.22 crore for the previous year.
Religare Finvest (RFL), a 100% subsidiary of Religare Enterprises (REL) is registered with the Reserve Bank of India (RBI) as a Non-Banking Finance Company (NBFC) and is the lending arm of REL. RFL has adopted a strategy of lending on commercially earning assets through its three lines of business i.e. Working Capital Loans, Loans against Property (LAP) and Loans on Commercial Assets (CA).
Company Name | CMP |
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Bajaj Finserv | 1528.45 |
Paul Merchants | 798.95 |
Data Infrastructure | 162.00 |
IIFL Finance | 398.80 |
Embassy Office Parks | 349.63 |
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