NEW DELHI : Religare Enterprises Ltd is set to raise ₹300 crore through a rights issue to grow its health insurance business, said Rashmi Saluja, executive chairperson. “REL is committed to fully subscribe to its share as a promoter and as a principal shareholder.

Equity of ₹567 crore had already been raised from Kedara Capital in 2020, which included primary infusion in Care Health Business, which has been growing at the rate of 40% per annum," Saluja said in an interview.

It had also raised ₹570 crore via a preferential issue in July 2021 from long-term marquee investors. The firm invested the money in various verticals to grow its broking business as well as housing. “Funds have also been set aside for one-time settlement with the bankers for its NBFC unit.

The process for one-time settlement with lenders has already been initiated," Saluja said. Founded by brothers Malvinder and Shivinder Singh, who are facing fraud charges, Religare is led by a new management and a professionally-managed independent board.

Read more on livemint.com

All news from livemint.com

The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Strictly star Will Mellor gives health update after judges slammed for harsh critiques

Strictly Come Dancing star Will Mellor has shared a health update on Twitter after worrying fans having been left bedbound last week.The former Coronation Street actor, 46, took to Twitter on Monday (October 17), looking jovial, recording a selfie video, and sharing some feel-good energy with his fans.In a 10-sec clip, Will said: “Morning, it’s a new day, it’s a new week, fresh start, let’s have it.”READ NEXT: Strictly's Helen Skelton breaks silence amid news ex will welcome baby with new girlfriendHe captioned the video: “Happy Monday, people!! Hope you have a great wk!” and hashtagged #positivity, #positivevibesonly and #happymonday.Will also told fans via an Instagram update: “I’m so glad to be feeling better!"Will’s upbeat posts come a few days after the BBC star was struck by a "horrible virus" that led him to miss show rehearsals.However, Will pushed through and on Saturday night (October 15), he and his partner Nancy performed a touching rumba routine to The Joker and the Queen by Ed Sheeran and Taylor Swift. For the latest breaking news and stories from across the globe from the Daily Star, sign up for our newsletter by clicking hereThe dance aimed to shed light on the importance of men’s mental health and Will dedicated it to those who “put on a brave face” amid their mental health struggles.

Ed Sheeran Taylor Swift Craig Revel Horwood Helen Skelton Will Mellor Happy Monday Twitter stars Health

IMF committed to work with SL, says Semansinghe after meeting MD

COLOMBO (News 1st) – Sri Lanka's State Finance Minister says that the IMF is committed to working with Sri Lanka.Sri Lanka's State Minister for Finance Shehan Semasinghe tweeted that he, and the delegation concluded their visit to the IMF annual meeting with a bilateral discussion with Kristalina Georgieva, the Managing Director of the IMF.He said the IMF Managing Director commended the government on the difficult, yet essential, reforms that it had undertaken to restore economic stability,He also said that Kristalina Georgieva assured the IMF’s commitment to work with Sri Lanka to place the country on a stable and sustained growth path as early as possible.

Kristalina Georgieva Sri Lanka Government Assurant

First reading of 2023 Appropriation Bill today (18)

COLOMBO (News 1st) – First Reading of the Appropriation Bill for the year 2023 is scheduled to be presented on Tuesday (18).This was decided at the Committee on Parliamentary Business held previously (07) under the chairmanship of Mahinda Yapa Abeywardana, Speaker of Parliament.From 18th to 21st time is allotted from 9.30 am to 10.30 for Questions for Oral Answers.It was decided to hold the debate on the Second Reading of the Petroleum Products (Special Provisions) (Amendment) Bill from 10.30 am to 5.00 pm on the 18th of October.Thereafter, time has been allotted from 5.00 pm to 5.30 pm for the Motion at the Adjournment Time brought in by the Government, the Secretary General said.The Committee also decided to take into debate 6 Bills presented by the Ministry of Justice on October 19th from 10.30 am to 5.00 pm. Accordingly, Poisons, Opium and Dangerous Drugs’ (Amendment) Bill, Notaries Ordinance (Amendment) Bill, Powers of Attorney Ordinance (Amendment) Bill, Wills Ordinance (Amendment) Bill, Registration of Documents (Amendment) Bill, Prevention of Frauds Ordinance (Amendment) bill are scheduled to be taken up for debate.From 5.00 pm to 5.30 pm time has been set aside for Questions at the Adjournment Time.On October 20th and 21st from 10.30 am to 5.00 pm, the Second Reading debate on the Twenty- Second Amendment to the Constitution Bill is scheduled to be held.

Yapa Abeywardana Government prevention bill

India reports lowest single-day rise of 1,542 fresh covid cases

States have been asked to continue monitoring incoming international travelers, undertake constant genome sequencing and step-up vaccination. NEW DELHI: Over the past 24 hours, India reported 1,542 new covid cases, the lowest single-day rise, the Union health ministry said in an update on Tuesday. Active cases are now at 26,449, with total reported cases since the pandemic hit in early 2020 at 4.46 crore.

city New Delhi India vaccine travelers reports

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

Religare to raise ₹300 cr for health insurance biz

Related News