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Last Updated : May 30, 2016 02:50 PM IST | Source: CNBC-TV18

Separate businesses will be an India-focussed story: Religare

Religare Enterprises is all set for a three-way split as a part of its restructuring process. Post this, the company will be able to list its first health insurance company on Indian bourses.

Religare Enterprises is all set for a three-way split as part of its restructuring process. Post this, the company will be able to list its first health insurance company on Indian bourses.

Currently, Religare has lending business, capital market business and health insurance business under one umbrella.

Speaking to CNBC-TV, Sunil Godhwani, the company’s CMD, said that all three
businesses are well capitalised. The three businesses will grow ahead and are an “India-focused story”, he says.

Net worth of the lending business is just under Rs 3,000 crore; health business is under Rs 500 crore and the capital market business is about Rs 200 crore.

On a consolidated basis, Religare clocked in a profit of Rs 225 crore and the premium came in at Rs 500 crore. Going ahead, the company is expected to grow in the range of 20-25 percent.

Watch video for more..
First Published on May 30, 2016 02:43 pm
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