Religare Finvest to raise Rs 1,320 crore via bonds

NEW DELHI: Religare Finvest today said it will issue non-convertible debentures on private placement basis to raise up to Rs 1,320 crore.

"The Company will open the issue of the Series LII Partly Paid Secured Rated Listed Redeemable Non-Convertible Debentures of Rs 10,00,000/- each for cash at par for an Issue size up to Rs 1,320 crore on Private Placement Basis," it said in a BSE filing today.

The issue will open on August 31, 2015.

Religare Finvest Ltd (RFL) is a subsidiary of Religare Enterprises Ltd (REL) and focuses on small and medium enterprises. It provides SME Mortgage Loans as well as SME Working Capital Loans.