Religare Enterprises Allots 8.34M Shares on Warrant Conversion

Religare Enterprises Limited has approved the allotment of 8,343,263 equity shares of face value Rs. 10 each at a premium of Rs. 225 each. This allotment follows the conversion of warrants, with the company receiving INR 1,470,500,104.25, representing 75% of the total consideration. The total consideration for these warrants, including the initial 25% received earlier, constitutes 100%. This issuance increases the company's issued, subscribed, and paid-up equity share capital to INR 341,233,7420, comprising 341,233,742 equity shares. The new shares will rank pari passu with existing shares, subject to lock-in periods as per SEBI regulations.