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Last Updated : Apr 27, 2011 06:03 PM IST | Source: CNBC-TV18

Religare good proxy to emerging mkt growth story: Group CEO

Religare Enterprises. said its board approved raising of funds up to Rs 800 crore through issuance of equity shares on rights basis to the existing shareholders of the company.


Religare Enterprises. said its board approved raising of funds up to Rs 800 crore through issuance of equity shares on rights basis to the existing shareholders of the company.


In an interview with CNBC-TV18, Sachindra Nath, group CEO of Religare Enterprises spoke about the rationale behind the rights issue and the road ahead.


Below is a verbatim transcript of the interview on CNBC-TV18. Also watch the accompanying video.


Q: Why rights issue? Is it that the promoters do not want to see any dilution of their shareholding because in your position you could easily do a QIP or a placement and raise money at a higher price?

A: I wish all what you are saying is right. But that

First Published on Apr 27, 2011 11:59 am
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