Religare Health Insurance Limited Right Issue- 27.10.2019

As per communication received from Religare Health Insurance Limited, it is coming with the right issue to be opened from 28.10.2019 to 11.11.2019. The eligible shareholders can participate.

The Board of Directors in its meeting held on February 14, 2019, authorized the Company to raise capital up to an amount of Rs. 150 crores in one or more tranches and further Allotment Committee through its circular resolution dated October 23, 2019, approved the Letter of offer to raise capital by issue of equity shares up to an amount of Rs. 34 crores, at an issue price of Rs.10/- per equity share to existing shareholders in their existing proportion“.

Offer Detail:

The company is offering 3,40,00,000 equity shares of Rs. 10  each to the equity shareholders of the company. The total equity of the company is 68.84 cr and the total shares offered in the right issue are 3.4 cr. So in the right issue, we may bid for 5 share per 100 shares.

Example: If you are holding 100 shares as on 18.10.2019, then you are eligible to get 5 shares in the right issue.

Open Date: 28.10.2019

Close Date: 11.11.2019

Eligibility Criterion:

The shareholders who were holding shares as on 18.10.2019 are eligible for the offer.

How to Apply:

The eligible shareholders must fill and sent the below-mentioned form to the company on or before 11.11.2019 for buying shares under the right issue.

Application Form

Letter of Offer