Religare Enterprises Ltd News

RBI approves Burmans' 26% stake buy in Religare; AGM scheduled for Dec 31

Shareholders of the firm to vote on Rashmi Saluja reappointment as director on Dec 31

Burmans get RBI nod for 26% Religare stake offer, await Sebi approval

The RBI grants conditional approval for the Burman family's 26% stake offer in Religare, with restrictions on board changes. Sebi approval is still pending amid valuation disputes

RBI okays Burman Family's open offer for Religare Enterprises; stock up 10%

Religare Enterprises share price hit a 52-week high of Rs 304.30 in the intraday trade, surging 25 per cent thus far in the month of December

Religare Enterprises Q2 results: Net profit jumps 70% to Rs 68 crore

Religare Enterprises on Tuesday reported a 70 per cent jump in consolidated net profit to Rs 68.49 crore for the second quarter ended September 2024. The financial services firm had a consolidated net profit of Rs 40.35 crore in the July-September quarter of 2023-24. Its total revenue stood at Rs 1,971 crore during the second quarter of the current fiscal year, up from Rs 1,586 crore in the corresponding period of the last year. In a regulatory filing, Religare Enterprises further said that its Group CFO Nitin Aggarwal will cease to be associated with the company with effect from the close of business hours on November 12, 2024. Shares of Religare Enterprises closed at Rs 245.95, down 1.24 per cent over its previous close on the BSE.

RBI turned down request to appoint ex-CBI official on board: Religare

In a notice to the stock exchanges, the company said Religare is currently an acquisition target, and an open offer was made by the Burman family (of Dabur group) on September 25 last year

Delhi HC to hear Burman family's plea in Religare AGM dispute in November

The Religare board opposed the open offer and has taken action against it with regulators, including RBI and Sebi

Care Health Insurance shareholders approve Rashmi Saluja's reappointment

Kedaara Capital votes against Saluja's reappointment

Burman family pushes for removal of Religare Chairperson Rashmi Saluja

Rashmi Saluja faces calls for removal ahead of key shareholders' meeting amid insider trading allegations and ED investigation

Fate of Religare's open offer is with the regulators: Rashmi Saluja

Saluja discusses the Ingovern report, the uncertainties surrounding the open offer, and the company's future

Proxy advisory firm InGovern raises concern over Religare AGM delay

Certain institutional investors have expressed their discontent, suggesting that it may be a strategy to avoid a vote on Saluja's reappointment, the report added

ED conducts searches at Religare Enterprises executives' premises

The Burman family is the largest shareholder in REL and is currently embroiled in a conflict with the REL chairperson over a change of control at the financial firm

ED summons Dabur's Mohit Burman, others in Religare money laundering probe

Religare open offer case: Dabur Chairman Mohit Burman, three independent directors of Care Health Insurance and the manager of the open offer have been summoned by the Enforcement Directorate

Sebi orders Religare Enterprises to process Burman family's open offer

Co will have to apply for requisite approvals from RBI, Irdai, Sebi before July 12; Notices slapped on board for alleged breach of responsibilities