Religare Enterprises (REL) has proposed to raise Rs 550 crore through issuance of Non Convertible Debentures (NCD) on private placement basis. The company will open the issue of the above mentioned Debt Securities on March 28, 2013. Further, India Rating & Research has assigned AA- (outlook negative) rating to the proposed NCD issue.
Religare Enterprises (REL) is the holding company for one of India’s leading diversified financial services groups. REL offers an integrated suite of financial services including asset management, life and health insurance, lending, broking, investment banking, and wealth management.
