Religare gets govt nod for raising Rs 500 cr by issuance of NCDs

Religare Saturday said the company has got board approval for raising Rs 500 crore by way of issuance of non-convertible debentures on a private placement basis. The board in its meeting held on Saturday gave approval for this, Religare said in a regulatory filing. The approval of shareholders for the same will be sought through a postal ballot, it said.