India’s Religare Enterprises approves up to Rs. 25 billion of funds

By Tali Rackner

Norfolk, Va., July 31 – Religare Enterprises Ltd. informed the Bombay Stock Exchange that its board of directors met on Friday, inter alia, and approved raising up to Rs. 10 billion through nonconvertible debentures and up to Rs. 15 billion through equity shares or equity-linked securities.

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

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