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Religare Enterprises Limited ( (IN:RELIGARE) ) has issued an announcement.
Religare Enterprises Limited has received in-principle approval from the National Stock Exchange of India Limited and BSE Limited for the issuance of 6,38,29,782 warrants on a preferential basis, which will be convertible into equity shares. This approval, following shareholder consent at an Extraordinary General Meeting, allows the company to raise approximately Rs. 1500 crore, potentially enhancing its financial position and market operations.
More about Religare Enterprises Limited
Religare Enterprises Limited operates in the financial services industry, offering a range of products and services including loans, insurance, and asset management. The company focuses on providing comprehensive financial solutions to its clients across India.
Average Trading Volume: 78,858
Technical Sentiment Signal: Buy
Current Market Cap: 79.99B INR
For detailed information about RELIGARE stock, go to TipRanks’ Stock Analysis page.