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Religare Enterprises is set to raise 1,500 crore through preferential allotment of warrants, with the Burman family of Dabur contributing 750 crore. Other investors include Ashish Kacholia, Hindustan Times group, Ashish Dhawan and JM Financial. The capital will fuel business growth, strategic initiatives, and new opportunities across Religare's diverse financial services.
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Repeatedly borrowing more is not a long-term solution to rising day-to-day spending pressures.
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Boeing reached a settlement Friday with a Canadian man whose wife and three children were killed in a deadly 2019 crash in Ethiopia, averting the first trial connected to the devastating event that led to a worldwide grounding of Max jets.
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