Religare Enterprises rises as its arm gets Rs 150 crore from Avigo Capital

Religare Enterprises Ltd. | Finance - Investment | BFSI | BSE: 532915 | NSE: RELIGARE

29 Nov 2011 Evaluate

Religare Enterprises is currently trading at Rs 422.30, up by 0.90 points or 0.21% from its previous closing of Rs 421.40 on the BSE.

The scrip opened at Rs 421.50 and has touched a high and low of Rs 422.50 and Rs 421.50 respectively. So far 2505 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 524.80 on 30-Nov-2010 and a 52 week low of Rs 401.00 on 29-Aug-2011.

Last one week high and low of the scrip stood at Rs 440.00 and Rs 412.00 respectively. The current market cap of the company is Rs 5887.08 crore.

The promoters holding in the company stood at 69.88% while Institutions and Non-Institutions held 2.82% and 27.29% respectively.

Religare Enterprises’ subsidiary - Religare Finvest (RFL), one of India's largest capitalized NBFCs has received Rs 150 crore from Avigo Capital. Avigo Capital has completed an investment of Rs 150 crore in the form of compulsory convertible preference shares.

Religare Finvest is on a fast growth trajectory, focusing on small and medium enterprises (SME) financing. It has recently successfully raised Rs 754 crore from a retail issue of non-convertible debentures and its loan book size stands at Rs 11,380.00 crore (as on September 30, 2011).

Avigo Capital, as an Indian private equity fund manager that focuses on private equity investments in the country's SME sector.

Religare Enterprises (REL) is engaged in providing financial products and services. REL provides services across three segments namely retail, institutional and wealth.

Religare Enterprises Share Price

220.85 -2.55 (-1.14%)

08-May-2026 16:59 View Price Chart

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