India’s Religare Enterprises OKs up to Rs. 500 million debentures

By Wendy Van Sickle

Columbus, Ohio, Aug. 24 – Religare Enterprises Ltd. informed the Bombay Stock Exchange that its board of directors’ investment and borrowing committee met on Thursday and approved raising up to Rs. 500 million of unsecured redeemable nonconvertible debentures.

The unlisted, unrated debentures will be issued by private placement.

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

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