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Religare Enterprises trades in green on the BSE

22 Aug 2011 Evaluate

Religare Enterprises is currently trading at Rs. 429.95, up by 2.90 points or 0.68% from its previous closing of Rs. 427.05 on the BSE.

The scrip opened at Rs. 429.00 and has touched a high and low of Rs. 431.00 and Rs. 425.00 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 528.80 on 10-Nov-2010 and a 52 week low of Rs. 424.00 on 27-Jun-2011.

Last one week high and low of the scrip stood at Rs. 450.00 and Rs. 425.00 respectively. The current market cap of the company is Rs. 5957.33 crore.

The promoters holding in the company stood at 69.97% while Institutions and Non-Institutions held 3.00% and 27.03% respectively.

Non-banking finance company Religare Finvest, a wholly-owned subsidiary of Religare Enterprises, is eyeing to raise Rs 800 crore from retail investors through issue of bonds early next month. This includes an option to retain another Rs 400 crore over subscription. The bonds would have a flexible maturity period of 3 years and 5 years.

The company will utilize the funds raised through the issue after meeting expenditure for various financing activities including lending and investments. The company has filed for the retail bond issue with the exchange.

At the end of June, Religare Finvest had an asset base of Rs 9,900 crore with majority of it coming from secured loan, comprising mortgage lending, and commercial vehicles and construction equipment loan. The company would now focus on extending loans to small and medium enterprises (SMEs) in the form of working capital as it sees that SME sector presents a significant opportunity for growth. With the economic expansion the sector's output will also increase.

Religare Finvest is registered with the RBI as an NBFC and has presence in 48 cities through 39 branches. It currently provides consumer finance, IPO financing and personal financial services.

Religare Enterprises Share Price

224.35 0.75 (0.34%)
20-Apr-2026 16:59 View Price Chart
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