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Religare Enterprises jumps on plans to raise Rs 450 crore via NCD issue

28 Mar 2013 Evaluate

Religare Enterprises is currently trading at Rs. 305.90, up by 15.65 points or 5.39% from its previous closing of Rs. 290.25 on the BSE.

The scrip opened at Rs. 290.25 and has touched a high and low of Rs. 305.90 and Rs. 290.25 respectively. So far 2575 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 392.00 on 10-Apr-2012 and a 52 week low of Rs. 250.50 on 21-Mar-2013.

Last one week high and low of the scrip stood at Rs. 295.60 and Rs. 250.50 respectively. The current market cap of the company is Rs. 4526.86 crore.

The promoters holding in the company stood at 71.75% while Institutions and Non-Institutions held 2.63% and 25.61% respectively.

Religare Enterprises has proposed to raise Rs 300 crore including a green shoe option of Rs 150 crore through issuance of NCD on private placement basis. Further, India Rating & Research has assigned AA- (outlook negative) rating to the proposed NCD issue. The company will open the issue of the above mentioned Debt Securities on March 28, 2013.

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.

Religare Enterprises Share Price

220.85 -2.55 (-1.14%)
08-May-2026 16:59 View Price Chart
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