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Our Bureau

Mumbai, Nov. 21

Religare Enterprises Ltd, a financial services firm made its debut on the BSE and the NSE on Wednesday at a premium of 75 per cent against the offer price of Rs 185 at Rs 323.75.

The stock witnessed a high of Rs 601, a low of Rs 323.75, before it closed at Rs 525.30 on the NSE, whereas on the BSE it was trading at a high of Rs 600, a low of Rs 323.75 finally closing at Rs 521.70.

The total quantity traded was 1,60,54,884 shares and 1,11,98,090 shares on the NSE and the BSE respectively.

Religare Enterprises Ltd in their initial public offering offered 75.7 lakh shares in the price band of Rs 160-185 to raise Rs 121-140 crore. The funds will be deployed mainly in funding lending and retail finance businesses.

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