Religare says board okays raising up to 5 bn rupees | business | Hindustan Times
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Religare says board okays raising up to 5 bn rupees

Religare Enterprises said its board has approved raising upto 5 billion rupees through issue of redeemable preference shares, it said in a statement late yesterday.

business Updated: Jul 29, 2011 11:27 IST

Religare Enterprises said its board has approved raising upto 5 billion rupees through issue of redeemable preference shares, it said in a statement late on Thursday.

The company has posted a net loss of 220.5 million rupees from 46.77 million rupees in the same period a year ago, it added.