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Latest news about Religare Enterprises

Religare Enterprises Secures Approval for ₹1,500 Crore Preferential Warrants Issue 4 days ago

Religare Enterprises Limited (REL) has received in-principle approval from NSE and BSE to issue preferential warrants worth ₹1,500 crore. The company can issue 6,38,29,782 warrants, each convertible into one equity share, priced at ₹235.00 per warrant. This approval follows shareholders' consent at an Extraordinary General Meeting. REL must comply with regulatory guidelines and obtain all necessary approvals to proceed with the issuance.

Care Health Insurance Triumphs in GST Appeal, Rs 23.41 Lakh Liability Overturned Aug 22, 2025

Religare Enterprises Revises Warrant Lock-in Period, Aligns with SEBI Regulations Aug 20, 2025

Religare Subsidiary RHDFCL Withdraws Credit Rating for ₹100 Crore NCD Proposal Aug 19, 2025

Religare Enterprises Reports Q1 Profit, Appoints Interim CFO Aug 12, 2025

More news about Religare Enterprises

08Aug 25

Religare Enterprises Approves Warrant Issuance in EGM

Religare Enterprises Limited (REL) held an Extraordinary General Meeting where shareholders approved a special resolution for issuing warrants convertible into equity shares through preferential allotment. The resolution passed with 83.79% votes in favor. The EGM, conducted via video conferencing, was attended by eight directors. Remote e-voting and live voting during the meeting were facilitated, with Mr. Ankush Agarwal appointed as the scrutinizer.

02Aug 25

Delhi High Court Quashes Fraud Classification of Religare Finvest by 14 Banks

The Delhi High Court has overturned the fraud classification of Religare Finvest Limited's (RFL) account by 14 banks, citing violation of natural justice principles. The court ruled that RFL was not given an opportunity to be heard before the classification. All respondent banks have been directed to remove the fraud classification from RBI's Central Fraud Registry within two weeks. This decision aligns with a Supreme Court precedent requiring personal hearings before fraud classification under RBI Master Directions. The ruling is a significant victory for RFL, a material subsidiary of Religare Enterprises, and is likely to have positive implications for the company's operations and market reputation.

01Aug 25

Religare Enterprises Issues Corrigendum for INR 1,500 Crore Preferential Warrant Issue

Religare Enterprises Limited (REL) has issued a corrigendum to its EGM notice, detailing plans to raise INR 1,500 crores through a preferential issue of 63,829,782 convertible warrants at INR 235 each. The funds will be allocated across subsidiaries: INR 600 crores for Care Health Insurance, INR 200 crores for Religare Broking, INR 250 crores for Religare Housing Development Finance, INR 75 crores for debt repayment, and INR 375 crores for general corporate purposes. Post-conversion, promoter shareholding is expected to increase from 25.83% to 29.74%. The company allows for a 10% deviation in fund allocation and plans to utilize the funds within 12 months of receipt.

29Jul 25

CARE Ratings Upgrades Religare Enterprises' Credit Facilities to BBB+/A2

CARE Ratings has upgraded Religare Enterprises Limited's ₹500 crore credit facilities. Long-term rating improved from 'BBB' to 'BBB+' and short-term rating from 'A3+' to 'A2', with a stable outlook. The upgrade reflects strengthened financial profile and improved growth outlook in the broking business. Rated facilities include bank guarantees, overdraft, and cash credit from Axis Bank and HDFC Bank.

25Jul 25

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.

23Jul 25

RBI Lifts Corrective Action Plan on Religare Finvest, Boosting Religare Enterprises

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.

12Jul 25

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

Religare Enterprises Limited (REL) has approved a Rs 1,500 crore capital raise through preferential allotment of 6,38,29,782 warrants at Rs 235 per warrant. The Burman family entities are investing Rs 750 crore, accounting for 50% of the total fundraise. Other investors include JM Financial Credit Solutions, Ashish Kacholia, The Hindustan Times Limited, and Ashish Dhawan. The funds will be used to support business growth, drive strategic initiatives, enhance governance, and explore new opportunities across REL's verticals.

11Jul 25

Religare Enterprises: Board Approves Rs 1,500 Crore Fundraise

Religare Enterprises Limited's board has approved a proposal to raise up to Rs 1,500 crore through preferential allotment of shares. The Burman Family is considering a fund infusion, indicating strong investor interest. This capital raise aims to scale core businesses, enhance governance standards, and pursue new growth opportunities in the financial services sector.

10Jul 25

Religare Enterprises Shares Surge 6% as Board Set to Mull Fundraising

Religare Enterprises' shares jumped over 6% following the announcement of a board meeting on July 11 to consider fundraising options. The company also declared a trading window closure from July 1 until 48 hours after Q2 results declaration. The market responded positively to the potential fundraising news, indicating investor optimism about the company's future plans.

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.