Religare

RELIGARE NEWS

The bidding war, the 100% rally, and the hidden upside: Is Religare still a buy?

January 30, 2025 2:32 pm

Care Health Insurance, India’s second-largest standalone health insurer and Religare’s most valuable asset, has been growing rapidly. Its impending IPO could be a game-changer for Religare’s shareholders. Yet, the question remains: Can Religare sustain its 100% return streak, or is the stock running out of steam?

US investor offers to acquire 55% stake in REL

January 27, 2025 9:57 pm

Gaekwad is the founder of US-based Nextgen Digital Solutions (NDS), a Microsoft Gold Partner, with presence in India.

SEBI orders Religare to apply for approvals for open offer by Burmans

June 21, 2024 12:44 am

The Burmans attempted to seek the approval of the RBI for change in control / management of REL.

Funds diversion from Religare: ED raids multiple premises

January 26, 2024 10:58 am

The probe is based on an FIR registered by EOW, Delhi Police, in which Religare Finvest Ltd (RFL) made allegations against four companies of hatching a criminal conspiracy and causing wrongful loss to RFL by defaulting on a loan of Rs 150 crore.

Religare appoints agency to investigate fund diversion

December 24, 2023 1:09 am

The Competition Commission of India and market regulator SEBI have reportedly sought details from Religare about the role of the Burman family, promoters of Dabur, in the company and its open offer plans.

Religare board rallies around Rashmi Saluja, defends her share sales

November 21, 2023 12:53 am

“As result of the overall growth of all businesses, the company’s market cap has remarkably increased to about a billion dollars from a low of under $100 million in March 2018,” the board said.

Dabur promoter Burman family announces Rs 2,116 cr open offer for 26% stake in Religare

September 25, 2023 1:34 pm

The open offer is made with the intention to increase the family's stake and take control of REL. Post offer the family's stake in Religare is expected to increase from about 21 per cent at present to 51 per cent.

Religare arm moves court for probing Singh brothers, their wives

January 17, 2023 8:15 am

RFL, a subsidiary of financial services company Religare Enterprises Ltd (REL), moved the application before Additional Sessions Judge Shailender Malik in December, seeking directions to the Delhi Police’s Special Cell for an investigation, it is learnt.

Fund ‘misappropriation’ at Religare Finvest: ED arrests Malvinder Singh, Sunil Godhwani

November 15, 2019 4:18 am

The ED took the two men in its custody to Tihar Jail. However, they will not be produced before a Delhi court, due to the ongoing lawyers’ strike.

Delhi court sends Singh brothers, others to 14-day judicial custody

October 18, 2019 4:13 am

The court said the matter was in the investigation stage because of which the accused were remanded to judicial custody. Counsel for Singh brothers have moved a bail application before the court.

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