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Religare to expand operations

CHENNAI: Religare Enterprises Ltd., which is promoted by Ranbaxy Laboratories and engaged in offering financial products and services, has entered the capital market with an initial public offer of 75.76 lakh equity shares. The issue, which opened on October 29, closes on November 1. The price band has been fixed at Rs. 160 — Rs. 185 per equity share. The proceeds of the issue will be utilised for widening the domestic operations, expanding the network of branches and financial capability. — Corporate Reporter

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