Religare Enterprises has received an approval for raising up to Rs 1,200 crore through issue of shares/convertible securities and/or debt subject to necessary approvals including shareholders' approval as may be required. The board of directors at its meeting held on February 17, 2018 has approved for the same.
Further, the board has delegated all its powers to Investment, Borrowing and Share Allotment Committee to decide the mode of issue of shares/convertible securities and/or debt and to do all such acts, deeds and things which are necessary in relation to raising of funds.
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.