Wednesday, September 23
New Delhi: Religare Enterprises has announced a ₹1,500-crore fundraise through preferential allotment of warrants to its promoter, the Burman family of Dabur, and a select group of investors including Ashish Kacholia, Hindustan Times group, Ashish Dhawan and JM Financial.The Burman family through various investment vehicles will subscribe to ₹750 crore worth (50%) of warrants, the company said in a stock exchange disclosure.The funds will be used to support business growth across verticals, drive strategic initiatives and explore new opportunities.Religare is in the business of loans, affordable housing finance, health insurance and retail broking.The Burmans took controlling stake in Religare in February this year after their open offer to minority shareholders was successfully execut
Stylish opener KL Rahul on Saturday became only the second India batter to score more than one century at the hallowed Lord's, after yesteryear middle-order mainstay Dilip Vengsarkar. Rahul reached the landmark with a single off Jofra Archer to covers right after the lunch break on the third day of the third Test against England. However, Rahul was dismissed by off-spinner Shoaib Bashir immediately after getting to the three-figure mark, which was 10th overall in the game's traditional format and ninth away from home. In all, the Karnataka man scored exactly 100 in 177 balls with the help of 13 boundaries. This was his second hundred of the ongoing five-match rubber after his century in the series opener at Leeds. During his stay in the middle, Rahul played some lovely drives and flicks, b
