Religare Finvest board to consider Rs. 5 billion issue of debentures

By Ashley Montgomery

Kansas City, Kan., July 27 - Religare Finvest Ltd. informed the Bombay Stock Exchange that its board of directors will consider issuing non-convertible redeemable rated taxable debentures at a meeting on Aug. 1.

The proposed debentures would be a public issue of up to Rs. 5 billion with an over-allotment option for an additional Rs. 2.5 billion.

Based in New Delhi, Religare is a non-banking finance company.

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