Page 3 - Religare Enterprises

Sebi issues demand notice to Singh brothers in fund diversion case

Failure to pay the fines could lead to attachment and sale of properties

Sebi slaps Rs 21 cr fine on 52 entities in Religare Finvest fund case

Capital markets regulator Sebi has imposed a fine totalling Rs 21 crore on 52 entities, including Fortis Healthcare Holdings, in a case pertaining to huge diversion and misutilisation of funds of Religare Finvest, an arm of Religare Enterprises. They have been asked to pay the fine within 45 days, according to an order passed by the Securities and Exchange Board of India (Sebi) on Monday. The case involves a complex web of transactions whereby the funds of listed company Religare Enterprises Limited (REL) were diverted through its subsidiary Religare Finvest Ltd (RFL) for the ultimate benefit of the erstwhile promoters -- RHC Holding, Malvinder Mohan Singh and Shivinder Mohan Singh. Funds were also misutilised for repayment of earlier loans taken from RFL. "The whole scheme of fraud led to diversion of funds of Rs 2473.66 crore out of a material subsidiary of REL and also mis-utilisation of funds of Rs 487.92 crores of RFL," Sebi said in its 390-page order. Such a huge diversion an

Online brokers alone can't serve new retail investors: Religare Broking CEO

We have launched an aggressive discount broking plan, Religare One Pro Plan, to counter the discount broker model and attract Gen Z and millennial clients, says Nitin Aggarwal

Two entities pay Rs 2.43 cr to settle insider trading case with Sebi

Quick Trading and Investment Advisors LLP and Vipul D Modi have settled with market regulator Sebi in case pertaining to insider trading after paying settlement amount totalling Rs 2.43 crore.

REL's ex-chairman Sunil Godhwani arrested for alleged Rs 800-cr fraud

Godhwani, who was already in judicial custody in case registered by Economic Offences Wing of Delhi Police for allegedly misappropriating funds of RFL, was taken on production remand and then arrested

Lenders to consider loan settlement proposal of RFL: Religare Enterprises

Post RFL's OTS completion, it will have healthy prudential ratios, well above those prescribed by RBI

Religare Enterprises, Religare Finvest settle Sebi case; pay Rs 10.5 cr

The order came after the two companies filed an application with Sebi proposing to settle the regulatory violations "without admitting or denying the findings" through a settlement order.

Religare Enterprises pays Rs 5.41 cr to Sebi to settle legacy issues

NBFC Religare Enterprises Ltd (REL) on Sunday said it has paid Rs 5.41 crore to market regulator Sebi to settle its past cases.

Religare Enterprises to create war chest for new business ventures

The company said it was in the process of creating a war chest to grow the new ventures organically and inorganically

Religare Enterprises is now debt-free, shares up 3% amid new vertical plans

The company said it will enter new sectors such as Asset Reconstruction, Alternate Investment Funds, Insurance Broking, Digital Wealth Management

Religare Finvest debt recast in doubt as company gets 'fraud' tag from RBI

Promoter Religare Enterprises contests tagging of Religare Finvest Ltd as 'fraud'

Former Religare CEO held for siphoning off Rs 2,397 crore public money

The Delhi Police constituted a team and apprehended Subramanian on Wednesday

Stocks to watch: NMDC, Maruti Suzuki, Tata Motors, Religare Entp, NTPC

NTPC's subsidiary NTPC Vidyut Vyapar Nigam Ltd has floated a tender for deployment of hydrogen fuel cell buses in Delhi and Leh

REL to invest over Rs 100 cr in broking, housing finance business

REL has four key businesses Religare Finvest Limited (RFL) for SME finance, Care Health Insurance Limited (CHIL) - health insurance, Religare Broking Ltd (RBL) and Religare Housing Development Finance

Religare Enterprises to raise Rs 570 crore from preferential issue

Burman family, SSG & new investors to chip in

Religare Enterprises to raise Rs 570 crore from preferential issue

Religare Enterprises (REL) on Tuesday said it proposes to raise Rs 570 crore via preferential issuance of shares to a clutch of investors, including existing shareholders, to fund its business plans.

Religare Enterprises net loss narrows to Rs 115 cr in Sept quarter

During the month, RBI bought USD 13.322 billion from the spot market while selling USD 5.15 billion, according to the monthly bulletin released by the central bank for November

Ex-CEO of Religare held in connection with siphoning of funds: Police

Delhi Police arrested a former CEO of Religare Enterprises Limited and one of his accomplices on Tuesday in connection with alleged siphoning of money to the tune of Rs 2,397 crore, officials said

Religare gets interest from investors for RFL; introduces them to lenders

Religare Enterprises has received feelers from some global and domestic investors for picking up stake in its fraud-hit lending arm Religare Finvest Ltd to help clear the dues of lenders.

Worst is behind, will complete RFL debt recast by Dec: Religare chairperson

The company has been in financial distress, primarily due to alleged misappropriation of funds by erstwhile promoters Shivinder Singh and his brother Malvinder Singh