Dr. Rashmi Saluja, Non-Executive Chairman - Religare Enterprises.
"The Budget announcement made by the Union Finance Minister today was visionary and demonstrates the government's intent to focus on demand generation, spurring jobs, increase infrastructure spends, attract foreign institutional investors and increase farm income. Amendment in the Factor Regulation Act 2011 will enable NBFCs to extend invoice financing to the MSMEs through TReDS, thereby enhancing their economic and financial sustainability. This is a welcome step and will instill confidence and bring optimism in the sector.
Introduction of a scheme to provide subordinate debt for entrepreneurs of MSMEs is a welcome step and I am confident that the Indian NBFC sector will reap the benefits of this growth stimulus and SME focused initiatives and be on the growth path soon."
Shares of RELIGARE ENTERPRISES LTD. was last trading in BSE at Rs.40.05 as compared to the previous close of Rs. 39.75. The total number of shares traded during the day was 13826 in over 173 trades.
The stock hit an intraday high of Rs. 40.6 and intraday low of 38.15. The net turnover during the day was Rs. 547095.