Religare Enterprises Limited — Others, 17-07-2025: Shareholders meeting

Religare Enterprises is holding an Extra-Ordinary General Meeting on August 08, 2025, to approve a preferential allotment of up to 6.38 crore warrants. These warrants, priced at INR 235 each, can raise nearly INR 1,500 Cr. The funds are earmarked for strategic investments: INR 600 Cr for Care Health Insurance, INR 200 Cr for Religare Broking, INR 250 Cr for NBFC subsidiaries, and INR 75 Cr for debt repayment. The remaining INR 375 Cr (25%) will support general corporate purposes. This capital raise aims to boost long-term growth and strengthen subsidiaries, signaling a clear path for future expansion.