Religare Enterprises Allots 8.34 Mn Shares on Warrant Conversion

Religare Enterprises Limited announced the allotment of 8,343,263 equity shares following the conversion of warrants. The allotment was approved by the Investment, Borrowing & Share Allotment (IB&SA) Committee. The company received INR 1,470.50 crore, representing 75% of the total consideration for the converted warrants. The total consideration includes the 25% received at the time of warrant allotment. This issuance increases the company's issued, subscribed, and paid-up equity share capital to INR 341.23 crore, comprising 341,233,742 equity shares. The new shares rank pari passu with existing shares, subject to lock-in regulations.