Post the acquisition, RFL has become a wholly-owned subsidiary of the company from February 28, it said in a BSE filing.
It further said that the primary capital infusion of Rs 200 crore in RHICL by Kedaara pursuant to the said transactions, the company "would have divested part of its investment constituting 6.761 percent of RHICL".
The order comes following an appeal filed by RFL against an interim order passed by the capital markets watchdog in October 2018 as well as against the confirmatory ruling of Sebi in March 2019.
There were pending buy orders of 1,531,244 shares, with no sellers available.
Meanwhile, Axis Bank sold 90,00,000 shares of Religare Enterprises through a bulk deal on NSE for Rs 39.6 crore.
Religare had approved to appoint Ashwani Mehta as the non-executive non-independent director of the company on November 20, 2018.
Company said the consideration amount is not being disclosed in terms of the confidentiality obligations under the Term Sheet
The regulator has directed the two companies to 'initiate steps to recall all the loans amounting to Rs 2,315.09 crore' along with due interest within three months.
The total income was Rs 12.23 crore, slightly up from Rs 11.85 crore in the corresponding quarter of 2017-18, Religare Enterprises said in a regulatory filing on Tuesday.
The regulator initiated adjudication proceedings against Religare and sent a notice in July 2018 alleging that the company failed to disclose the information with regard to trading in the scrip of Religare Enterprises by its chairman Sunil Godhwani to the exchanges within stipulated time and, hence, alleged to have violated the PIT (Prohibition of Insider Trading) norms.
The government ban on FDCs mostly covered drug cocktails for treating cold and cough, antibiotics, painkillers, anti-depressants, diabetic drugs, among others.
Total revenues fell to Rs 5.95 crore during the quarter under review as against Rs 18.02 crore in the year ago period, the company said in a regulatory filing Wednesday.
Shivinder Singh, the younger sibling, broke his silence on Tuesday accusing his brother Malvinder and family friend Sunil Godhwani for systemically undermining the interests of the group companies and their shareholders
The Board of Directors has approved the proposal for reclassification of existing promoters and promoter group into the public shareholder category.
RFL further clarified that it never created any security over the deposits which have been alleged to have held as security by LVB.
The company said it is committed to ensure that the ethos of good governance, ethics and accountability become the hallmark of Religare Group.
Markets regulator SEBI today said investigation is going on a priority basis into the matter related to alleged lapses at Fortis Healthcare and Religare Enterprises.
Due to the seller's inability to obtain the requisite clearances within the agreed timeline, the binding agreement has come to an end on March 15.
"Due to the seller's inability to obtain the requisite clearances within the agreed timeline, the binding agreement has come to an end on March 15, 2018", the company said in a statement.
Meanwhile the company in disclosure to exchanges on Thursday said that it has received notices from Registrar of Companies (RoC) - Punjab and Chandigarh seeking certain information and documents by March 3, 2018.
Diversified firm Religare Enterprises will raise over Rs 916.42 crore by issuing warrants convertible to equity.
Diversified financial services firm Religare Enterprises said Malvinder Mohan Singh and Shivinder Mohan Singh have resigned from the company's board with effect from Wednesday.
Most experts are calling this to be a pre-budget rally and the euphoria is tied up to the Budget, and thankfully the December quarter earnings have not been bad in fact some of them were better than estimates.