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Latest news about Religare Enterprises

Religare's Subsidiary Care Health Insurance Maintains Strong Credit Rating 1 day ago Yesterday

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.

RBI Lifts Corrective Action Plan on Religare Finvest, Boosting Religare Enterprises 3 days ago

Religare Enterprises Secures Rs 1,500 Crore Fundraise, Burman Family Takes 50% Stake Jul 12, 2025

Religare Enterprises: Board Approves Rs 1,500 Crore Fundraise Jul 11, 2025

Religare Enterprises Shares Surge 6% as Board Set to Mull Fundraising Jul 10, 2025

More news about Religare Enterprises

09Jul 25

Religare Enterprises to Discuss Fund Raising Plans on July 11

Religare Enterprises Limited has scheduled a meeting on July 11, 2023, to explore potential fund-raising initiatives. The company has not disclosed specific details about the plans or intended use of the funds. This announcement has generated interest among investors and market watchers, given its potential implications for the company's future strategies and financial position.

08Jul 25

Religare Enterprises to Discuss Preferential Share Issue for Fundraising

Religare Enterprises Limited's Board of Directors will meet on July 11 to discuss a potential fundraising initiative through a preferential share issue. This move could lead to capital infusion, changes in shareholding pattern, and possibly bring in strategic investors. The outcome may impact the company's future direction and valuation in the financial services sector.

21May 25

Religare Enterprises Posts Mixed Q4 Results with Revenue Growth and Profit Decline

Religare Enterprises announced its Q4 consolidated financial results, showing a 9.3% year-over-year revenue increase to ₹20.28 billion. However, net profit declined by 20.8% to ₹990.6 million compared to the same quarter last year. The company reversed its performance from the previous quarter's loss of ₹430.8 million to a profit this quarter.

20May 25

Religare Enterprises: Q4 Profit Drops 16%, Revenue Rises 9%

Religare Enterprises' Q4 financial results show a 9.30% increase in revenue to ₹2,028.00 crore, but a 16.40% decrease in net profit to ₹151.30 crore compared to the same period last year. The Burman family has recently acquired over 50% stake in the company, gaining control.

18Mar 25

Religare Enterprises Seeks Immediate Funding Support, Initiates Governance Review

Religare Enterprises Limited (REL) has announced plans to address cash flow gaps by seeking a short-term inter-corporate loan from the Burman Group. The company has also commissioned a comprehensive governance review of itself and its subsidiaries, to be conducted by Trilegal and Grant Thornton Bharat LLP. This review aims to examine past practices, suggest improvements, and identify potential misconduct.

17Mar 25

Religare Enterprises Seeks Funding from Burman Group Amid Governance Review

Religare Enterprises Limited (REL) is approaching the Burman Group, its new promoters, for immediate funding support through a short-term Inter Corporate Loan due to an expected cash flow gap. Simultaneously, REL has commissioned a comprehensive governance review of itself and its subsidiaries, engaging M/s Trilegal and M/s Grant Thornton Bharat LLP to examine past practices, suggest improvements, and identify potential misconduct.

17Mar 25

Religare Enterprises Faces Cash Flow Challenges, Initiates Governance Review

Religare Enterprises Limited (REL) has announced significant measures to address upcoming financial challenges and improve corporate governance. The board has commissioned a comprehensive governance review of the company and its subsidiaries, to be conducted by Trilegal with assistance from Grant Thornton Bharat LLP. Additionally, to address an anticipated cash flow gap, the board has decided to seek immediate funding support from its new promoters, the Burman Group, through a short-term Inter Corporate Loan.

09Mar 25

Religare Enterprises Withdraws NCLAT Appeal as Burman Family Gains Control

Religare Enterprises has withdrawn its appeal at the National Company Law Appellate Tribunal (NCLAT) against a Competition Commission of India (CCI) order. This decision follows the Burman Family's successful acquisition of a controlling stake exceeding 50% through an open offer. The ownership change has led to significant leadership changes, including the removal of Rashmi Saluja as a director and former executive chairperson.

26Feb 25

Religare Enterprises Reshuffles Board, Shuts Down Subsidiary Amid Strategic Changes

Religare Enterprises Limited (REL) has announced major changes to its board and operations. Four new Non-Executive Directors have been appointed, pending RBI and shareholder approval. The company is suspending operations of its subsidiary MIC Insurance Web Aggregator due to poor performance, writing off investments and loans. REL's board has also recommended removing Dr. Rashmi Saluja and Mr. Rakesh Asthaana from subsidiary boards and committees.

21Feb 25

Burman Family Takes Control of Religare Enterprises, Plans Capital Infusion and Rebranding

The Burman family has successfully acquired control of Religare Enterprises Limited (REL), becoming its new promoter. They plan to inject ₹2,000 crore through preferential shares, increase their stake to over 50%, and initiate a rebranding exercise. The acquisition process involved market purchases and an open offer, resulting in the Burman Group entities holding a 25.16% stake. The new promoters aim to strengthen governance and drive growth in REL's lending, health insurance, and retail broking businesses.

20Feb 25

Burman Group Takes Control of Religare Enterprises, Aims for Stability and Growth

The Burman Group has successfully acquired control of Religare Enterprises Limited (REL), becoming its new promoters with a 25.16% stake (83,201,819 shares). The acquisition, completed on February 18, 2025, involved an open offer and previous market purchases. The Group plans to focus on stability, governance, and growth for REL. This marks the end of a contentious corporate battle and signals a new chapter for the company in the Indian financial services sector.

20Feb 25

Burman Family's Open Offer for Religare Enterprises Sees Minimal Uptake

The Burman family's Rs 2,116-crore open offer for Religare Enterprises Limited (REL) closed with only 0.07% of shares tendered, falling short of the targeted 26% stake. The offer price was Rs 235 per share. The Burmans' shareholding increased marginally from 20.15% to 24.02%, far below their 51.15% target. Prior market purchases of 3.81% stake were made at Rs 233.98 per share. REL's Executive Chairperson Rashmi Saluja was recently ousted as director by shareholders.