Religare's Subsidiary Care Health Insurance Maintains Strong Credit Rating

1 min read     Updated on 25 Jul 2025, 06:28 PM
scanxBy ScanX News Team
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Overview

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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*this image is generated using AI for illustrative purposes only.

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 Day5 Days1 Month6 Months1 Year5 Years
+0.12%-7.11%+19.76%+8.36%+3.12%+599.40%
Religare Enterprises
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RBI Lifts Corrective Action Plan on Religare Finvest, Boosting Religare Enterprises

1 min read     Updated on 23 Jul 2025, 06:43 PM
scanxBy ScanX News Team
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Overview

The Reserve Bank of India (RBI) has withdrawn its Corrective Action Plan (CAP) imposed on Religare Finvest Limited (RFL), a wholly-owned subsidiary of Religare Enterprises Ltd (REL). The CAP, in place since January 2018, was lifted due to RFL's compliance with the plan's conditions and significant changes in its management and board of directors. The RBI has advised RFL to continue adhering to all prudential requirements. This development is expected to have positive implications for REL, potentially allowing for more operational flexibility and improved market perception.

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*this image is generated using AI for illustrative purposes only.

Religare Enterprises Ltd (REL) received a significant boost as the Reserve Bank of India (RBI) withdrew its Corrective Action Plan (CAP) imposed on its wholly-owned subsidiary, Religare Finvest Limited (RFL). This development marks a turning point for the company, which has been under regulatory scrutiny since January 2018.

Background of the Corrective Action Plan

The CAP was initially imposed on January 18, 2018, following irregularities observed during an RBI inspection of RFL's financial position as of March 31, 2017. The plan was designed to address these issues and improve the company's financial health and governance.

Reasons for Withdrawal

The RBI cited two primary reasons for lifting the CAP:

  1. Compliance with CAP Conditions: RFL has demonstrated adherence to the conditions set forth in the Corrective Action Plan.
  2. Management and Directorial Changes: The company has undergone significant changes in its management and board of directors.

Immediate Effect and Future Compliance

According to the RBI's letter, the withdrawal of the CAP is effective immediately. However, the central bank has advised RFL to continue complying with all prudential requirements, ensuring ongoing financial discipline and regulatory adherence.

Implications for Religare Enterprises

This development is likely to have positive implications for Religare Enterprises Ltd, as RFL is a material wholly-owned subsidiary. The lifting of regulatory restrictions could potentially allow for more operational flexibility and improved market perception.

Management's Response

Religare Enterprises Limited promptly informed the National Stock Exchange of India and BSE Limited about this significant update. The company's management views this as a positive step, reflecting the efforts made to address regulatory concerns and strengthen corporate governance.

While this news marks a significant milestone for Religare Enterprises and its subsidiary, investors and stakeholders will likely keep a close eye on the company's future performance and continued compliance with regulatory standards.

Historical Stock Returns for Religare Enterprises

1 Day5 Days1 Month6 Months1 Year5 Years
+0.12%-7.11%+19.76%+8.36%+3.12%+599.40%
Religare Enterprises
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