Religare Enterprises shares in focus as board approves ₹1,500 crore fundraise; check details

Of this amount, entities linked to the Burman family, owners of Dabur, will contribute ₹750 crore, accounting for 50% of the total fundraise, while the remaining amount will be infused by The Hindustan Times Ltd, investors Ashish Dhawan, JM Financial Credit Solutions, and others.

"The promoters have reaffirmed their long-term commitment to the company's growth trajectory by contributing ₹750 crore, thereby providing support for business growth across verticals and driving strategic initiatives," Religare Enterprises said in a statement.

As part of the approved plan, the company will raise capital through the issuance of 6.38 crore warrants on a preferential basis, each convertible into one fully paid equity share of ₹10.

The warrants will be issued at ₹235 apiece, aggregating the total fundraise to around ₹1,500 crore. The company said that one warrant will be convertible into one equity share within 18 months.

The fundraiser is intended to "fuel business expansion and drive new strategic initiatives."

Religare Enterprises Ltd. (REL) said the recently appointed promoter nominee directors bring deep expertise across insurance, strategy, and financial services, further fortifying its governance and execution capabilities.

"With this capital infusion and new leadership at the helm, REL is well-positioned to sharpen its strategic focus, enhance governance standards, scale its core businesses, and pursue new growth opportunities," the company said.

Axis Capital acted as the financial advisor to Religare Enterprises for this fundraising initiative.

On Friday, shares of Religare Enterprises zoomed 8.04% on the National Stock Exchange to settle at ₹271.20 apiece.

Over the last five trading days, shares of the company have soared 22%. For a month’s period, it has increased over 16%. Year-to-date, it has, however, declined 2.4%.

The company’s market capitalisation stands at ₹8,967.33 crore.

Shares of the firm had touched their one-year high of ₹320 apiece on December 17, 2024, while their 52-week low of ₹202.52 was hit on May 9, 2025.