Religare Enterprises Limited
Religare Enterprise Ltd, incorporated in 1984, is a diversified financial services company with presence all over India, operating through its subsidiaries. The Co. provides loans to SMEs, Affordable Housing Finance, Health Insurance and Retail Broking. REL’s subsidiaries service over 11 lakh clients from over 1,275 locations having presence in more than 400 cities.
What Religare files
- Others103
- Important75
- Updates28
- QIP/Rights/Pref.12
- Investor Meet11
- Board Meeting7
Religare's material subsidiary, Care Health Insurance, received an affirmed credit rating and a new subordinated debt rating of IND AA-/Stable from India Ratings. This signals stable credit health for the subsidiary.
Religare Enterprises has announced its 42nd Annual General Meeting (AGM) on September 24 at 3 PM, held virtually. Shareholders will review the Annual Report and financial statements for FY26.
Religare Enterprises invested 100 Cr in its wholly-owned subsidiary, Religare Broking Ltd, via a rights issue. Funds will bolster RBL's stockbroking operations, including scaling up its margin trade financing book and meeting working capital needs. This move aims to strengthen the broking arm's growth.
Religare Enterprises' demerger plan with Religare Finvest hit a roadblock as the RBI did not approve the Scheme of Arrangement. The companies will engage with the regulator to provide further clarifications.
Religare Enterprises' demerger scheme with Religare Finvest faced a setback. RBI has not approved the proposed arrangement. Management plans to engage with the RBI for further clarifications. This indicates potential delays for the restructuring.