Religare Enterprises to reconsider rights issue terms

Religare Enterprises to reconsider rights issue terms
Comment E-mail Print Share
First Published: Mon, Mar 23 2009. 11 14 AM IST
Updated: Mon, Mar 23 2009. 11 14 AM IST
Mumbai: The board of Religare Enterprises Ltd will meeet on 25 March to reconsider the terms of a proposed rights issue, it said in a notice to the stock exchange on Monday.
In October, the board of the financial services firm had approved raising Rs18.02 billion through a rights issue at Rs355 a share and issue two shares for every three held.
Shares in Religare were trading up 12.81% at Rs366.85 rupees in a firm Mumbai market.
Comment E-mail Print Share
First Published: Mon, Mar 23 2009. 11 14 AM IST