What is the new structure for Religare Enterprises?

Religare Enterprises is being demerged into two entities: Religare Enterprises and Religare Finvest Limited.

How will shareholders be affected by the Religare demerger?

Shareholders of Religare Enterprises will receive fully paid-up equity shares of Religare Finvest on a 1:1 basis.

What business activities will Religare Finvest undertake post-demerger?

Religare Finvest will manage the lending, broking, and investment activities of the demerged group.

Home / Business and Economy / Religare Enterprises Demerges Finvest Arm

Religare Enterprises Demerges Finvest Arm

15 Feb

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Summary

Board approves demerger into two distinct entities.
Shareholders to receive new shares on a 1:1 basis.
New entity to house lending and broking operations.

Religare Enterprises Demerges Finvest Arm

Religare Enterprises Limited (REL) has announced its board's approval for a significant corporate restructuring through a demerger. The company will be divided into two distinct entities: Religare Enterprises and Religare Finvest Limited (RFL).

This strategic move, based on committee recommendations, aims to simplify REL's corporate structure. Religare Finvest will issue fully paid-up equity shares to REL's shareholders on a 1:1 basis, mirroring the pre-demerger shareholding pattern.

Under the arrangement, the new Religare Finvest entity will encompass lending, broking, and investment activities. Religare Enterprises will retain its shareholding in Care Health Insurance Limited, enabling both entities to pursue focused growth strategies.

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