Religare Enterprises Limited — Board Meeting, 11-07-2025: Outcome of Board Meeting

Religare Enterprises has announced a board meeting on July 11, 2025, approving a capital raise of ₹1,500 Cr via preferential allotment of 6.38 crore warrants, each convertible into one equity share at ₹235 per warrant. Promoters will contribute ₹750 Cr, half of the total raise, signaling strong confidence in the company’s growth plans. The funds aim to boost core business expansion and new strategic initiatives. Recent promoter nominee directors bring expertise in insurance and financial services, strengthening governance and execution. Axis Capital is the financial advisor for this fundraise.