Religare- Material You can use

Business Profile Religare Enterprises, a Ranbaxy promoter group company, is the holding company for integrated financial services. The company was incorporated as a private limited company on Jan. 30, 1984 and the status changed to a public limited company on Aug. 11, 2006. The company is the holding company for all businesses, structured and being operated through various subsidiaries. It offers a wide range of financial products and services across the three key business verticals of retail, wealth management and the institutional spectrum. Retail services include equity and commodities brokerage, personal financial services (including insurance brokerage and mutual fund distribution), LAS, personal loans, and internet trading. Wealth services include PMS, wealth advisory services and private client equity services (including international equity services). The Institutional services include institutional distribution services, investment banking and transaction advisory services. The subsidiaries of the company include Religare Securities, Religare Finvest, Religare Commodities, Religare Insurance Broking. Religare Venture Capital, Religare Realty, Religare Insurance Holding Company, Religare Finance, Religare Capital Markets and Religare Wealth Management Services. The company has a 50:50 joint venture with Australia`s Macquarie Bank for expanding its wealth management business in India. The company`s retail network is spread across more than 1,217 locations in more than 392 cities and towns. It operates from six regional offices and 25 sub-regional offices with business associates all over India and a representative office in London. The company is a member of the National Stock Exchange of India, Bombay Stock Exchange of India, depository participant with National Securities Depository and Central Depository Services India, and SEBI approved portfolio manager. The registered and corporate office of the company is located at 19, Nehru Place, New Delhi-110019. Recent Developments 21-NOV-07 Religare Enterprises on Wednesday (November 21) got listed at Rs 323.75 on the Bombay Stock exchange (BSE) with a premium of 75% over its issue price of Rs 185.00. On the NSE the company got listed at Rs 323.75 and touched a high of Rs 601.00. The company through its IPO had put on the block 7,576,102 equity shares. It received an overwhelming response for its IPO, the issue being oversubscribed around 160.56 times.
Future Plans The company will use funds raised through the initial public offering IPO to expand domestic operations and network of branches, fund retail finance business, and expand financing activity.