Religare Enterprises announced that the company has allotted 15,904,218 equity shares on preferential basis.
The company has allotted 8,554,833 equity shares of Rs 10 each (face value) at an issue price of Rs 316.78 a share to Bestest Developers.
While it has allotted 7,349,385 shares of Rs 10 each (face value) at an issue price of Rs 316.78 a share to Standard Chartered Bank (Mauritius).
Consequent to aforeside allotment, the paidup equity share capital of the company has been increased to Rs 1,783,298,080 consisting of 178,329,808 equity shares of face value of Rs 10 a share.
Shares of the company gained Rs 15.1, or 4.63%, to settle at Rs 341. The total volume of shares traded was 22,593 at the BSE (Thursday).