Religare Enterprises is currently trading at Rs. 336.05, up by 3.85 points or 1.16 % from its previous closing of Rs. 332.20 on the BSE.
The scrip opened at Rs. 337.25 and has touched a high and low of Rs. 340.00 and Rs. 335.00 respectively. So far 1696 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 450.00 on 13-Oct-2011 and a 52 week low of Rs. 306.15 on 11-Sep-2012.
Last one week high and low of the scrip stood at Rs. 345.00 and Rs. 311.35 respectively. The current market cap of the company is Rs. 5071.39 crore.
The promoters holding in the company stood at 71.77% while Institutions and Non-Institutions held 2.63% and 25.60% respectively.
Religare Enterprises, the holding company of financial services conglomerate Religare Group, is planning to mop up $75 million through issue of convertible debentures to World Bank arm International Finance Corporation (IFC). The proposal to this effect would be considered by the Board of Directors of Religare Enterprises in a meeting on September 29, 2012.
IFC is part of the World Bank group and acts mostly as the private sector lending arm of the multi-lateral institution.
Recently, the company announced that it is planning to sell 49% stake in its asset management business to US money manager Invesco for about Rs 450 crore.
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