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| Exchange Disseminated Time | Religare Enterprises Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 31, 2015, inter alia, has approved the following:
1. Raising of funds for an amount not exceeding Rs. 1,500 crores through issuance of Equity shares or equity linked securities to eligible investors through one or more modes of issuance subject to the approval of the members of the Company in the forthcoming Annual General Meeting pursuant to the provision of Section 62(1)(c) of the Companies Act, 2013 and other applicable provision of law and the constitutional documents of the Company.
2. Raising of funds for an amount not exceeding Rs. 1,000 crores through issuance of Non-convertible Debentures subject to the approval of the members of the Company in the forthcoming Annual General Meeting pursuant to the provision of Section 42 of the Companies Act, 2013 and other applicable provision of law and the constitutional documents of the Company. |
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