Religare Enterprises Limited (RELIGARE) announced the allotment of 83,43,263 equity shares of face value ₹10 each at a premium of ₹225 each, following the conversion of warrants. The allotment was approved by the Investment, Borrowing & Share Allotment (IB&SA) Committee of the Board of Directors on June 04, 2026. The company received ₹147.05 crore, representing 75% of the total consideration for these warrants. The remaining 25% was received at the time of warrant allotment on September 12, 2025. The total consideration for the converted warrants amounts to ₹1,47,05,00,104.25. The conversion of warrants was initiated by The Hindustan Times Limited, Akhil Dhawan, Ashish Dhawan, VIC Enterprises Private Limited, and JM Financial Credit Solutions Limited. These newly issued equity shares will rank pari passu with existing shares, subject to lock-in periods prescribed under SEBI ICDR Regulations. Consequent to this allotment, the company's issued, subscribed, and paid-up equity share capital has increased from ₹332.89 crore to ₹341.23 crore, comprising 34,12,33,742 equity shares of ₹10 face value each.
