Singh brothers' stake halves to 25.3% in Religare Enterprises

Dhillon family holding also down to 2%; Invocation of pledged shares and market sales by lenders seems

The shareholding of the promoters of financial services firm Religare Enterprises has halved to 25.33 per cent in the last quarter. The fall in holding of billionaire brothers Malvinder Mohan Singh and Shivinder Mohan Singh and entities they control, reported to the exchanges in the latest shareholding pattern as of September 30, has come amid several attempts by their Japanese adversary Daiichi Sankyo, which has moved courts, to block the sale of brothers' assets. Sankyo has been seeking to enforce an arbitral award relating to its acquisition of Ranbaxy holdings, almost a decade ago.

All four promoter entities, which held