Care Health Insurance kickstarts IPO process

Religare Enterprises health insurance arm ( Care Health Insurance ) kickstarts IPO process as it invites bids from investments bankers for IPO mandate pitches from which it may look to raise Rs.1500 Cr.-Rs.2000 Cr. IPO to consist of both primary and secondary issue and funds from primary issue to be used to enhance solvency and fund growth. Religare Enterprise will most likely sell it's stake along with other investors looking for an exit opportunity.