Religare Enterprises Limited has announced the allotment of 83,43,263 equity shares of face value ₹10 each, at a premium of ₹225 each, totaling ₹235 per share. This allotment, approved by the Investment, Borrowing & Share Allotment (IB&SA) Committee on June 04, 2026, follows the conversion of warrants. The company received ₹147.05 crore (Rupees One Hundred Forty Seven Crores Five Lakh One Hundred Four and Twenty Five Paise Only), representing 75% of the total consideration for these warrants. The remaining 25% was received at the time of warrant allotment on September 12, 2026. The conversion is part of a preferential allotment approved by shareholders in an EGM on August 08, 2025. The allottees include The Hindustan Times Limited, Akhil Dhawan, Ashish Dhawan, VIC Enterprises Private Limited, and JM Financial Credit Solutions Limited. Consequent to this allotment, the company's issued, subscribed, and paid-up equity share capital has increased from ₹332.89 crore to ₹341.23 crore, comprising 34,12,33,742 equity shares. These newly issued shares will rank pari passu with existing equity shares, subject to lock-in periods prescribed under SEBI ICDR Regulations.
