Financial services provider Religare Enterprises today said it would raise Rs 1,850 crore through rights issue.
The members of the issue committee, at its meeting held today, have given their approval to issue shares at Rs 355 per piece, Religare Enterprises said in a filing to the Bombay Stock Exchange (BSE).
The company would issue shares in the ratio of 2:3 that is two equity shares for every three stocks held, it said.
Shares of Religare Enterprises today closed at Rs 411, up 0.24 per cent from its previous end on the BSE.
