|Ok you dont need to worry if you have mutual fund with Lotus India , All the total 5000 crore fund is going to go under Religare Enterprises .They are buying into Lotus India AMC by Alexandra Fund Management and Sabre Capital shares of Lotus India AMC.|
Religare Enterprises,which is one of the many brokerage service that came out with ipo during the 2007
boom period is already planning with a rights issue for 1802 crore for 355 rs per share on rights basis
in the ratio of 2:3 at a price of Rs 355 per share.I dont understand one thing its market rate is at 325 rs now why would they prefer the rights issue if the rate is higher than the market rate.
Religare Enterprises saw some intrest today its up by 2 percent or 9 rs , after the company informed the market that news referring item appearing in leading financial daily titled “Religare plans banking foray”,is true , but there is no concreate info on this matter and told that it will infomr when there is a sure propasal for the same .
|Religare Enterprises Ltd has informed the market that AEGON Religare Life Insurance Company Ltd , which has formed as a joint venture between AEGON, one of the world’s largest life insurance and pension Companies and Religare itself .Theyhave also received the initial approval – R1 license, from the Insurance Regulatory & Development Authority (IRDA) to operate in the Life Insurance space. So there is two more process to get registered itself.|