Religare Enterprises files DRHP prospectus with SEBI

Mumbai, Oct 12 (UNI) Religare Enterprises, a financial services company, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to enter the capital market with its initial public offering (IPO) of equity shares.

The Company proposes to issue 11,364,152 equity shares of Rs ten each for cash, at a price to be decided through a 100 per cent book building process.

Religare Enterprises CEO Shachindra Nath told reporters that the objective of the issue is to fuel the future growth plans of the Company.

The Company has a diversified product portfolio with distinctive expertise and focused servicing model, he said adding it has a growing client base built on a well-recongnised brand.

UNI