Religare's Subsidiary Care Health Insurance Maintains Strong Credit Rating
Religare Enterprises Limited's subsidiary, Care Health Insurance, has received a reaffirmation of its IND A+/Stable credit rating from India Ratings & Research. This rating indicates strong financial stability and low credit risk for Care Health Insurance. The reaffirmation could positively impact Religare Enterprises, as Care Health Insurance is a material subsidiary. Religare Enterprises, listed on NSE and BSE, disclosed this information in compliance with SEBI regulations.

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Religare Enterprises Limited (REL) has announced that its material subsidiary, Care Health Insurance Limited, has received a reaffirmation of its credit rating from India Ratings & Research Private Limited (Ind-Ra). The rating agency has maintained Care Health Insurance's credit rating at IND A+/Stable, signaling continued confidence in the company's financial strength and stability.
Rating Reaffirmation
India Ratings & Research, in its communication, reassessed Care Health Insurance's creditworthiness and decided to uphold the IND A+/Stable rating. This rating reflects a strong degree of safety regarding timely servicing of financial obligations and carries low credit risk.
Implications for Religare Enterprises
The reaffirmation of the credit rating for Care Health Insurance is significant for Religare Enterprises Limited, as Care Health Insurance is considered a material subsidiary of the company. This positive rating could potentially have broader implications for the parent company's financial standing and market perception.
Regulatory Compliance
In adherence to regulatory obligations, specifically Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, Religare Enterprises promptly disclosed this information to the stock exchanges.
Market Information
Religare Enterprises Limited is listed on both the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE).
The maintenance of a strong credit rating for its subsidiary could be viewed positively by investors and stakeholders, potentially influencing their perception of Religare Enterprises' overall financial health and management capabilities.
Investors and market participants are advised to consider this information as part of their overall assessment of the company. However, as with all financial decisions, it is recommended to conduct thorough research and consider multiple factors before making investment choices.
Historical Stock Returns for Religare Enterprises
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.12% | -7.11% | +19.76% | +8.36% | +3.12% | +599.40% |