Religare Enterprises Limited — Others, 31-07-2025: Corrigendum

Religare Enterprises has issued an updated notice for its Extra-Ordinary General Meeting, providing additional details for the proposed preferential issue of convertible warrants. The company plans to raise 1,500 Cr, primarily for strategic investments: 600 Cr in its Health Insurance subsidiary, 200 Cr in its Broking subsidiary, and 250 Cr in its NBFC subsidiary. An additional 75 Cr is earmarked for debt repayment, with 375 Cr for general corporate needs. Each warrant allows conversion into one equity share at Rs. 235 within 18 months. This clarity on capital deployment offers shareholders a better understanding of the company's future growth and financial strategy.