Religare Enterprises allots over 5 crore equity shares on preferential basis

Upon the allotment of 5,41,56,761 equity shares, the paid-up equity share capital of the company has increased to ~Rs314cr.

Jul 15, 2021 11:07 IST India Infoline News Service

Religare Enterprises Ltd.
Religare Enterprises Limited has allotted 5,41,56,761 equity shares of the face value of Rs10/- each fully paid up, each ranking pari-passu with existing equity shares of the Company, at a price of 105.25 (including a premium of Rs95.25 each on preferential basis.

Upon the allotment of 5,41,56,761 equity shares the paid-up equity share capital of the company has increased to Rs313,64,86,630/- comprising of 31,36,48,663 equity shares of the face value of Rs10/- each.

At around 11.42 am, Religare Enterprises Ltd was trading at Rs140.00 per piece down Rs0.45 or 0.32% from its previous closing of Rs140.45 per piece on the BSE.

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