Religare to raise ₹50 cr thru NCDs

Shares of Religare Enterprises will remain in focus next week, as the company plans to raise funds through issue of non-convertible debentures. The board of directors on Thursday approved to raise ₹50 crore through NCD issue. The stock of Religare has been under pressure on downgrading by rating agencies. The stock crashed 42 per cent in one month and 77.5 per cent year-to-date. Amidst this ruin, investors will monitor the response.