Religare Enterprises (REL) is planning to raise Rs 570 crore via preferential issuance of shares to a clutch of investors, including existing shareholders, to fund its business plans. The company would issue 5.41 crore shares at price of Rs 105.25 per unit to existing shareholders like Burman family (Dabur Group), Ares SSG Capital and selected new marquee investors. The fund raised would be primary utilised as growth capital for investment in its subsidiaries businesses.
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.
