India’s Religare Enterprises to issue up to Rs. 10 billion debentures

By Tali Rackner

Norfolk, Va., July 31 – Religare Enterprises Ltd. informed the Bombay Stock Exchange that its board of directors met on Thursday and approved raising up to Rs. 10 billion of funds.

The issue will be through equity shares or equity linked securities to eligible investors through one or more modes of issuance and is subject to member approval.

Based in New Delhi, Religare is a non-banking finance company.

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