Religare Enterprises Limited announced that its material subsidiary, Care Health Insurance Limited (CHIL), has successfully allotted 20,000 subordinated debentures. These debentures, aggregating ₹200 crore, carry a fixed coupon rate of 10.00% p.a. The issuance was made for cash at par, in dematerialized form, and they have been listed on the Debt Segment of the National Stock Exchange of India effective August 06, 2026.
Subsidiary Debt Issuance
Religare Enterprises Limited (the Company) has disclosed a significant financing activity by its material subsidiary, Care Health Insurance Limited (CHIL). CHIL has completed the allotment of 20,000 unsecured, subordinated, listed, taxable, rated, redeemable, non-cumulative, non-convertible debentures. Each debenture has a face value of ₹1,00,000.
Financial Details and Listing
The aggregate value of this issuance amounts to ₹200 Crore (Rupees Two Hundred Crore), raised through cash at par. The debentures bear a fixed coupon rate of 10.00% per annum. These instruments are in the nature of ‘Subordinated Debt’ and were issued in dematerialized form. The listing of these aforesaid Debentures on the Debt Segment of the National Stock Exchange of India became effective on August 06, 2026.
Source: BSE
