Religare Enterprises allots equity shares after warrant conversion

Religare Enterprises Limited’s Investment, Borrowing & Share Allotment Committee approved the allotment of 1,985,816 equity shares on December 5, 2025. These shares, with a face value of INR 10 each and a premium of INR 225.00, were issued to promoter entities upon the conversion of an equal number of warrants. The company received INR 35,00,00,070, representing 75% of the balance consideration payable towards these warrants.

This allotment increases Religare’s total issued, subscribed, and paid-up equity share capital to INR 3,32,74,04,790, comprising 33,27,40,479 fully paid-up equity shares. The newly issued shares will rank pari passu with existing equity shares and are subject to lock-in provisions as per SEBI ICDR Regulations. The shareholding of the promoter group entities collectively stands at 26.27% on a non-diluted basis following this conversion.

The conversion saw M. B. Finmart Private Limited, Puran Associates Private Limited, Milky Investment and Trading Co., and VIC Enterprises Private Limited receive 283,688, 496,454, 496,454, and 709,220 equity shares, respectively. Each allottee paid INR 235 per warrant for these shares.