Religare Enterprises Ltd (RELG.NS)
23 Mar 2018
Wed, Mar 21 2018
* GETS SHAREHOLDERS' NOD FOR ISSUE OF WARRANTS ON PREFERENTIAL BASIS Source text - http://bit.ly/2FQbsfw Further company coverage:
India's Edelweiss Financial Services' agreed acquisition of the securities business of Religare Enterprises has fallen through because Religare failed to get the necessary regulatory approvals, the suitor said on Friday.
* Deal was agreed in December for about 2.5 bln rupees (Adds Religare comment, updates shares)
Edelweiss Financial Services Ltd said on Friday its acquisition of Religare Enterprises Ltd's securities business fell through after Religare failed to get the necessary regulatory approvals.
** Religare Enterprises Ltd falls as much as 4.9 pct to 55.25 rupees, posts biggest daily pct loss since Feb 28
March 16 Edelweiss Financial Services Ltd said on Friday its acquisition of Religare Enterprises Ltd's securities business had been terminated for want of necessary approvals.
* SAYS BINDING ARRANGEMENT WITH RELIGARE'S SECURITIES BUSINESS COME TO AN END ON MARCH 15, 2018
* SEEKS SHAREHOLDERS' NOD TO ISSUE 175.6 MILLION WARRANTS FOR 52.20 RUPEES EACH ON PREFERENTIAL BASIS Source text: http://bit.ly/2EXHoNB Further company coverage:
* APPROVES RAISING FUNDS THROUGH WARRANT ISSUE WORTH 9.16 BILLION RUPEES Source text for Eikon: Further company coverage:
- Note: Reuters has not verified this story and does not vouch for its accuracy