Friday, 1 November 2013

Religare Enterprises to raise funds up to Rs 1,000 crore through issue of capital

Religare Enterprises has received an in-principal approval to raise funds up to Rs 1,000 crore through further issue of capital. The board of directors at its meeting held on October 31, 2013 has approved for the same. The company will also be obtaining approval of shareholders through postal ballot in due course of time.

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.

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