Religare Enterprises plans QIP after paying unit’s settlement sum

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Rashmi Saluja, chairperson, Religare Enterprises

Rashmi Saluja, chairperson of Religare Enterprises Ltd (REL) said the company intends to raise up to ₹800 crore through a qualified institutional placement (QIP) after paying off a one-time settlement (OTS) amount it has reached with lenders of unit, Religare Finvest Ltd.  Lenders to Religare Finvest and the company reached a ......

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