Religare Enterprises is currently trading at Rs. 61.70, up by 1.50 points or 2.49% from its previous closing of Rs. 60.20 on the BSE.
The scrip opened at Rs. 62.40 and has touched a high and low of Rs. 63.20 and Rs. 58.30 respectively. So far 1145859 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 240.90 on 17-Feb-2017 and a 52 week low of Rs. 34.25 on 28-Sep-2017.
Last one week high and low of the scrip stood at Rs. 63.20 and Rs. 51.00 respectively. The current market cap of the company is Rs. 1074.30 crore.
The promoters holding in the company stood at 13.06%, while Institutions and Non-Institutions held 40.98% and 45.96% respectively.
Religare Enterprises has received an approval for raising up to Rs 1,200 crore through issue of shares/convertible securities and/or debt subject to necessary approvals including shareholders’ approval as may be required. The board of directors at its meeting held on February 17, 2018 has approved for the same.
Further, the board has delegated all its powers to Investment, Borrowing and Share Allotment Committee to decide the mode of issue of shares/convertible securities and/or debt and to do all such acts, deeds and things which are necessary in relation to raising of funds.
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.
