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RELIGARE ENTERPRISES NEWS

Sebi returns US-based entrepreneur Digvijay ‘Danny’ Gaekwad’s offer letter for REL stake

January 29, 2025 10:26 pm

REL shared Sebi’s response to Gaekwad’s proposal to acquire 55 per cent of REL at Rs 275 per share to the stock exchanges on Tuesday.

In Religare case, court frames charges of conspiracy, cheating against Singh brothers for causing Rs 2,400-crore loss to firm

January 18, 2025 3:19 am

Malvinder, his brother, and others were arrested by the Economic Offences Wing (EoW) of the Delhi Police in October 2019 after they had defaulted on loan repayments and allegedly siphoned off funds from RFL, a NBFC.

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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.

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Competition Commission of India okays Burmans’ Religare offer

January 25, 2024 12:37 am

“The acquirers are all systematically important non-deposit accepting non-banking financial companies (NBFCs) engaged primarily in the business of making investments in capital markets and providing secured and unsecured loans,” the Commission said.

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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.

Via Mauritius, Religare moved funds to Singh brothers’ offshore company: records

Court dismisses Religare ex-chief’s bail plea

November 13, 2020 12:04 am

Additional Sessions Judge Sandeep Yadav dismissed Singh’s plea considering the severity and seriousness of the crime allegedly committed by him.

Malvinder Singh arrested in Religare fund diversion case

Religare: Singh brothers tell court they want to settle matter

October 19, 2019 1:44 am

Counsel for Malvinder, Manu Sharma, told the court that his client was willing to settle the matter. “The complainant was willing to talk to me and find a resolution. Let us find a solution, but I can’t be sitting inside. I can’t come out and talk”.

'Will send you to jail': SC warns ex-Ranbaxy promoters over pending dues to Japanese firm

Religare fund diversion case: Delhi court extends police custody of Singh brothers by two days

October 15, 2019 6:51 pm

Chief Metropolitan Magistrate Deepak Sherawat extended custodial interrogation of Singh brothers, along with senior official Sunil Godhwani, after the probe agency sought their two-day custody saying that new material has come up in the case, PTI reported.

Religare fund diversion case: Ex-promoters Shivinder, Malvinder sent in four-day police custody

October 11, 2019 5:11 pm

Shivinder Singh and his elder brother Malvinder Mohan Singh were arrested in connection with an alleged fraud case involving misappropriation of funds of Religare Finvest Ltd (RFL), causing it losses worth Rs 2,397 crore.