Religare Enterprises plans QIP after paying unit’s settlement sum1 min read . Updated: 03 Jan 2023, 09:42 PM IST
Rashmi Saluja, chairperson of Religare Enterprises Ltd, said the company has yet to reach out to new or existing investors, though it expects a favourable response in light of the market’s ‘stable’ response.
MUMBAI/NEW DELHI : Rashmi Saluja, chairperson of Religare Enterprises Ltd (REL) said the company intends to raise up to ₹800 crore through a qualified institutional placement (QIP) after paying off a one-time settlement (OTS) amount it has reached with lenders of unit, Religare Finvest Ltd.
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