Religare Enterprises has informed that a meeting of the board of directors of the company will be held on September 29, 2012, to consider and if though fit approve the proposal for issue of compulsory Convertible Debentures on the preferential allotment basis to IFC, a member of the World Bank Group, for a rupee amount equivalent of approx US$75 million.
The above information is a part of company's filings submitted to BSE.