Religare to raise Rs 500 cr via NCDs


NEW DELHI, Feb 16: Religare Saturday said the company has got board approval for raising Rs 500 crore by way of issuance of non-convertible debentures on a private placement basis.

The board in its meeting held on Saturday gave approval for this, Religare said in a regulatory filing.

The approval of shareholders for the same will be sought through a postal ballot, it said. (PTI)