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Religare Enterprises Ltd Announces Dilution of Stake By Promoters
Religare Enterprises Ltd announced that with reference to the earlier announcement dated May 23, 2013, regarding Outcome of Board Meeting, the Company has informed that as per the request made by the Company's Board in the Board Meeting held on the May 23, 2013, Promoters have agreed to dilute their shareholding to 49% in the Company to enable Religare Enterprises Ltd to qualify for applying for banking license under Guidelines for Licensing of New Banks in the Private Sector on its website on February 22, 2013. Further, Promoters have appointed Axis Capital Ltd as advisors for proposed stake sale.
Latest Developments for Religare Enterprises Ltd
- Religare Enterprises Ltd Announces Issuance of NCD
- Invesco Ltd To Acquire 49% Of Religare Enterprises Limited's Religare Asset Management Company To Form Religare Invesco Asset Management Company
- Religare Enterprises Ltd's Religare Finvest To Raise INR500 Crore (INR5 Billion) Via NCSs, Issue Opens On September 14, 2012-The Economic Times
- Religare Enterprises Ltd's Religare Finvest To Raise Up To INR5 Billion Via Bond Sale-The Economic Times
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