Religare Enterprises Share Price Jumps 6% Ahead of Fundraising Board Meeting

On Thursday, July 10, Religare Enterprises share price defied the overall weak market and climbed over 6% in early trade on the BSE. The stock opened at ₹235.55, up from its previous close of ₹235.15, and touched an intraday high of ₹249.60. By 10:50 AM, it traded at ₹247.55, up 5.27%, while the Sensex was down 0.18%.

Board Meeting Scheduled to Discuss Fundraising

The rally comes a day before Religare's board meets on July 11 to consider raising funds through issuing securities on a preferential basis. In a filing dated July 8, Religare said any fundraising move will need regulatory and shareholder approvals.

RBI Approves Appointment of New Directors

Adding to positive sentiment, the Reserve Bank of India (RBI) approved the appointment of Arjun Lamba, Gurumurthy Ramanathan, and Suresh Mahalingam as non-executive, non-independent directors. Their appointments became effective from July 8, 2025, the day RBI approval was received.

Read More: Waaree Energies to Sell 2.4% Stake in Indosolar via OFS!

Religare Share Price Performance

Religare share price has risen for three straight sessions. Over the past month, the stock has gained 11%. However, year-to-date, it is still down by 11%. The stock hit a 52-week low of ₹202.45 on May 9, 2025, and a 52-week high of ₹319.90 on December 17, 2024.

Conclusion

Religare Enterprises is in focus as investors look forward to clarity on fundraising plans and strengthened management after RBI's nod for new directors. The next board meeting outcome will be crucial in shaping the stock’s near-term direction.

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