Read more about Religare Enterprises board approves raising funds via preferential issue on Business Standard. Religare Enterprises said the board of directors of the company has considered and approved approved raising of funds to the tune of Rs. 570 crore by preferential issue.
Religare Enterprises share fell over 7% today despite the firm s plan to raise Rs 570 crore via preferential issuance of shares to a clutch of investors, including existing shareholders, to fund its business plans.